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rick: the senate reaching a deal overnight to avert the fiscal cliff. so who are the winners and who are the losers? a fair and balanced debate on that. >> it's not something that any of us would say, oh, i love it. i don't love it, but i think it is a very good job of negotiating where there are some wins and some losses. new prilosec otc wildberry is the same frequent heartburn treatment as plosec otc. now with a fancy coating that gives you a burst of wildberry flavor. now why make a flavored heartburn pill? because this is america. and we don't just make things you want, we make things you didn't even know you wanted. like a spoon fork. spray cheese. and jeans made out of sweatpants. so grab yourself some new prilosec otc wildberry. [ male announcer one pill each morning. 2hours. zero heartburn. satisfaion guaranteed or your money back. heather: welcome back and happy new year. thousands of people welcoming in 2013 in key west, florida, with the drop of a shoe. take a look at this. have you heard about this tradition? the annual drag queen drop, yea
rick: the senate reaching a deal overnight to avert the fiscal cliff. so who are the winners and who are the losers? a fair and balanced debate on that. >> it's not something that any of us would say, oh, i love it. i don't love it, but i think it is a very good job of negotiating where there are some wins and some losses. new prilosec otc wildberry is the same frequent heartburn treatment as plosec otc. now with a fancy coating that gives you a burst of wildberry flavor. now why make a...
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Jan 1, 2013
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the house of representatives is reconvening to consider the fiscal cliff deal. overwhelmingly approved by the senate in the wee hours of this new year. republicans meet at 1:00. the democrats are said to be going in now and that vice president joe biden who, of course, was key in making the senate deal happen, will be in that caucus, we're told. big questions, though, still outstanding. when might the house vote on this deal? can speaker boehner come up with the votes to pass it? or will republicans try to amend it and end send it back. good day. happy new year. i'm chris jansing. there are a lot of moving parts on capitol hill. let's get right to nbc's luke russert who is on the hill and where things stand. first, let's listen into the start of this session. >> the speakers are in washington d.c., january 1, 2013. i hereby hereby appoint the honorable robert j. dole to act as speaker in temporary on this day, signed john a. boehner, speaker of the house of representatives. >> the prayer will be offered by our chaplain father conroy. >> let us pray. eternal god,
the house of representatives is reconvening to consider the fiscal cliff deal. overwhelmingly approved by the senate in the wee hours of this new year. republicans meet at 1:00. the democrats are said to be going in now and that vice president joe biden who, of course, was key in making the senate deal happen, will be in that caucus, we're told. big questions, though, still outstanding. when might the house vote on this deal? can speaker boehner come up with the votes to pass it? or will...
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marco rubio, a no vote on the fiscal cliff deal. coming up on "starting point "oishg the senate passed that deal as america plunged off the fiscal cliff. now the house has to throw us a rope. someone who will be voting on this measure in a few hours. the boys use capital one venture miles for their annual football trip. that's double miles you can actually use. tragically, their buddy got sacked by blackouts. but it's our tradition! that's roughing the card holder. but with the capital one venture card you get double miles you can actually use. [ cheering ] any flight, anytime. the scoreboard doesn't lie. what's in your wallet? hut! i have me on my fantasy team. what's in your wallet? hut! are you flo? yes. is this the thing you gave my husband? well, yeah, yes. the "name your price" tool. you tell us the price you want to pay, and we give you a range of options to choose from. careful, though -- that kind of power can go to your head. that explains a lot. yo, buddy! i got this. gimme one, gimme one, gimme one! the power of the "nam
marco rubio, a no vote on the fiscal cliff deal. coming up on "starting point "oishg the senate passed that deal as america plunged off the fiscal cliff. now the house has to throw us a rope. someone who will be voting on this measure in a few hours. the boys use capital one venture miles for their annual football trip. that's double miles you can actually use. tragically, their buddy got sacked by blackouts. but it's our tradition! that's roughing the card holder. but with the...
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. >> chris: i'm not sure it is a good deal but avoids the worst of the fiscal cliff. senator bayh -- obviously, we don't know, what is your sense, no filibuster in the senate? you heard lindsay graham and do republicans pass whatever the senate agrees to? >> the odds are somewhat better than 50/50 we get a minimal deal in the senate. not one that solves our debt problem, as you pointed out earlier and this is a prequel to going through it again around the first of march over the debt ceiling and getting us through this crisis, slightly better than 50-50 and the real question is in the house of representatives and will it be enough of a compromise, that enh republicans can vote for it, to get through the house? i put that at 50-50. >> chris: byron, the most we can say, or will be ale to say if congress passes something is they were able to stop the crisis, that they created, in the first place. but, they will have done nothing, i mean, it is really quite astonnishing to deal with the debt problem which is what the crisis was supposed to be about and, in fact, if you ex
. >> chris: i'm not sure it is a good deal but avoids the worst of the fiscal cliff. senator bayh -- obviously, we don't know, what is your sense, no filibuster in the senate? you heard lindsay graham and do republicans pass whatever the senate agrees to? >> the odds are somewhat better than 50/50 we get a minimal deal in the senate. not one that solves our debt problem, as you pointed out earlier and this is a prequel to going through it again around the first of march over the...
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Dec 31, 2012
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hopes for a fiscal cliff deal. standard and poor is lower. based on the announcement that they would use debt to fund its acquisition. the back deal sealed on november november 27 to. $5 billion. year to date numbers of about 10%. hoping it will contribute to these. lori: markets climbing toward session high spirit which fourth quarter stock laggers are set to rebound? editor jack l. is here with some of his picks next. ashley: live behind the scenes for attackers biggest night of the der -- year. let the ball drop. take a look at some of today's winners. ♪ ashley: breaking news. senate minority leader mitch mcconnell speaking live. the deal is close. let's listen in. >> we must do this. to what my colleagues to know that we will keep everyone updated as we continue to try to wrap this up. i yield the floor. >> senator from tennessee. >> appropriate. ashley: you just heard some a minority leader mitch mcconnell. lori: not happy. ashley: not happy. ashley: i will be looking more grumpy. lori: to say the least. lori: 450 for joint filers. if
hopes for a fiscal cliff deal. standard and poor is lower. based on the announcement that they would use debt to fund its acquisition. the back deal sealed on november november 27 to. $5 billion. year to date numbers of about 10%. hoping it will contribute to these. lori: markets climbing toward session high spirit which fourth quarter stock laggers are set to rebound? editor jack l. is here with some of his picks next. ashley: live behind the scenes for attackers biggest night of the der --...
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the senate making a vote on the fiscal cliff deal. the house still has to vote on that so we are continuing to watch that. that just rolled right in with the new year. good morning. i'm sarah simmons. >> i'm wisdom martin. welcome to fox 5 morning news. time now to talk to tucker barnes about our weather. >> good morning to you. >> i want to hear her about love versus lust with you, wisdom. >> it is a long and winding tale. we don't have enough time in the morning to talk about all that. >> we got five hours. let's get to the maps. we've got clouds out there to start your day. it will be an okay day. we'll have a lot of clouds around today just like yesterday. we'll get back in the upper 30s and low 40s for daytime highs. a lot of this is not getting a chance to touch the ground although it is trying. we have a cold front off to the north and west and that will be moving through during the course of the day. it will give us a very chilly air mass here for the mid. week t could kick off a flurry or maybe a sprink follow parts of the ar
the senate making a vote on the fiscal cliff deal. the house still has to vote on that so we are continuing to watch that. that just rolled right in with the new year. good morning. i'm sarah simmons. >> i'm wisdom martin. welcome to fox 5 morning news. time now to talk to tucker barnes about our weather. >> good morning to you. >> i want to hear her about love versus lust with you, wisdom. >> it is a long and winding tale. we don't have enough time in the morning to...
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Dec 27, 2012
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no fiscal cliff. >> we have to work it out. we are hopeful we can get that done.sa eric: speaker john boehner came up with $800 billion, saying it is all mine. that doesn't seem like a fair negotiation. w >> the problem is that the speaker has indicated before weo broke that he had votes, his plan be. the speaker said i have the votes. we were on the floor of the house waiting for the vote to happen, waite we did it to see e place and we t heard word theyt would be no more votes, the speaker didn't have the votes. i talked to a number of my colleagues, they're very upset their college who did not support the speaker. s eric: fair enough, they made a mistake. escobar to what plan they actually was. actually was. schumer plan but said tax people making over a d million dollars. it is basically in essence that plan all of a sudden they don't. want that one either. if you pass this thing, we will not move. >> during the campaign it was $250,000. it was hiss position. he showed a willingness to move. the speaker to his credit wouldn
no fiscal cliff. >> we have to work it out. we are hopeful we can get that done.sa eric: speaker john boehner came up with $800 billion, saying it is all mine. that doesn't seem like a fair negotiation. w >> the problem is that the speaker has indicated before weo broke that he had votes, his plan be. the speaker said i have the votes. we were on the floor of the house waiting for the vote to happen, waite we did it to see e place and we t heard word theyt would be no more votes,...
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tonight's question, in light of the president's remarks, will a fiscal cliff deal get done? text "a" for yes, text "b" for no to 622639 or go to our blog at ed.msnbc.com. i'll bring you the results later in the show. joining me now is sheldon whitehouse from rhode island. thank you for joining us. >> thank you for having me. >> sir, this is serious, this is even dire. are you encouraged by the meeting today and the president's remarks in the aftermath of that meeting? >> well, i think that the decision to move the forum for the negotiations to the senate was a necessary one. i have a lot of confidence in harry reid's negotiating ability. mitch mcconnell is a veteran negotiator, and i think there's a far better prospect of something being worked out in the senate than there was dealing with speaker boehner and his completely dysfunctional house republican party. >> sure. well, abiding by convention and of course protocol, the senate won't return until sunday. will there be enough time for the senate leaders to really craft a deal that is substantiative and makes a difference,
tonight's question, in light of the president's remarks, will a fiscal cliff deal get done? text "a" for yes, text "b" for no to 622639 or go to our blog at ed.msnbc.com. i'll bring you the results later in the show. joining me now is sheldon whitehouse from rhode island. thank you for joining us. >> thank you for having me. >> sir, this is serious, this is even dire. are you encouraged by the meeting today and the president's remarks in the aftermath of that...
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>>> an overtime session reach as a fiscal cliff deal. while most people partied, lawmakers struck a last-minute agreement to stop at cross the board tax hikes and spending cuts. but maybe too soon to celebrate. we'll tell you why in a live report. >> plus, another big story in the nation's capital, the burgundy and gold return to the playoffs. we'll see how people are marking the end of a five-year drought. fox 5 morning news continues right now. right now. >>> good morning. it is straight up 6:00 on the first day of the new year, 2013, here we come. take a live look outside right now at reagan national airport. checking in with tucker here in a second. it is tuesday, the 1st of the year. i'm sarah simmons. >> i'm wisdom martin. welcome to fox 5 morning news. there it is, countdown to 2013 and what most may say was the most famous new year's celebration of them all. morning a million people hit the streets of chilly manhattan to watch the ball drop in times square. about a billion more watched it on television. many folks rang in the new
>>> an overtime session reach as a fiscal cliff deal. while most people partied, lawmakers struck a last-minute agreement to stop at cross the board tax hikes and spending cuts. but maybe too soon to celebrate. we'll tell you why in a live report. >> plus, another big story in the nation's capital, the burgundy and gold return to the playoffs. we'll see how people are marking the end of a five-year drought. fox 5 morning news continues right now. right now. >>> good...
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that will happen tonight to work on the fiscal cliff deal. >> the looming fiscal cliff is forcing president obama to cut short his christmas vacation. >> president obama is cutting short his christmas vacation. he is leaving hawaii tonight so that he can be back in washington when congress reconvenes tomorrow. >> laura: so we should believe that by leaving his island enclave that the president was making some big sacrifice for the country? i'm thinking washington, crossing the delaware on a bitter christmas night 1776 before going on to defeat the british in two major battles, that's sacrifice. i, for one, never understood how in good conscious any of these politicians would think about leaving town with so much riding on this cliff hanger? shouldn't they get their work done before they leave town for a break? that's what's expected for most working americans but then again washington politicians have rules of their own. people whose salaries that we pay are called public servants. meaning they verve us. not the other way around. we don't work to make their lives better. they are supposed t
that will happen tonight to work on the fiscal cliff deal. >> the looming fiscal cliff is forcing president obama to cut short his christmas vacation. >> president obama is cutting short his christmas vacation. he is leaving hawaii tonight so that he can be back in washington when congress reconvenes tomorrow. >> laura: so we should believe that by leaving his island enclave that the president was making some big sacrifice for the country? i'm thinking washington, crossing the...
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the senate strikes a deal on the fiscal cliff, but not before we've officially fallen off the cliff. we are off it right now. here is where things stand right now. a bill crafted by vice president joe biden and minority leader mitch mcconnell passed in the senate by a margin of 89-8. happened just after 2:00 in the morning. the republican controlled house has agreed to consider this later this morning. but anyone's guess how this will turn out. if the house votes yes, the measure would generate 600 billion in revenues over the next ten years. how things are sized up overnight. >> i've said all along, our most important priority is protecting middle class families. this legislation does this. >> this shouldn't be the model of how we do things around here. but i think we can sigh we've done some good for the country. >> if it passes the house, here is what the plan means for you and your family. bush era tax cuts would stay in place for individuals earning less than $400,000 a year and couples earning less than $450,000. unemployment benefits for 2 million americans would be extended f
the senate strikes a deal on the fiscal cliff, but not before we've officially fallen off the cliff. we are off it right now. here is where things stand right now. a bill crafted by vice president joe biden and minority leader mitch mcconnell passed in the senate by a margin of 89-8. happened just after 2:00 in the morning. the republican controlled house has agreed to consider this later this morning. but anyone's guess how this will turn out. if the house votes yes, the measure would generate...
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the senate's fiscal cliff deal would kick that can down about two months to march. a lot of federal agencies trying to figure out what's that going to mean down the road? and then there's the continuing budget resolution which uses short-term band aids. the current resolution expires towards the end of march. so, before you think that we've averted any kind of fiscal cliff, we're actually hanging off of it by our fingernails waiting for the house to fix it and you've got all these other deadlines. >> it's no joke. we have gone to the brink on each one of those three things. >> that's the way we do it now. we wait until the absolute last minute to get things done. >> let me give you the glass half full here. we are in -- >> half full of champagne. >> we're in an environment of risk, we're not making it worse type environment. we're doing things to embrace the deficit and the debt. slowly but we're doing it. >> the problem not having a budget really is fundamentally a problem. the government does all sorts of things, passes all sorts of resolutions whether you like th
the senate's fiscal cliff deal would kick that can down about two months to march. a lot of federal agencies trying to figure out what's that going to mean down the road? and then there's the continuing budget resolution which uses short-term band aids. the current resolution expires towards the end of march. so, before you think that we've averted any kind of fiscal cliff, we're actually hanging off of it by our fingernails waiting for the house to fix it and you've got all these other...
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welcome back to breaking news cover range on a fiscal cliff deal on capitol hill. democrats got out of their meeting with vice president joe biden. the vice president had been is set to the hill to discuss the deal and he spent much of the past 24 hours working out the details with senate minority leader mitch mcconnell. here is what we know about the potential deal as of right now. current bush era tax cuts will expire for individuals with an income over $400,000, also for couples with an income over $450,000. unemployment benefits will be extended. the sequester, automatic spending cuts that would hit a wide range of government programs, including department of defense, will be dedelayed for a two-month period and be paid for with a 50/50 split on tax increases and spending cuts. joining us now is kelly o'donnell what have you learned with the vice president's meeting with senate democrats? >> we were able to talk to some within the meeting, they are in a bit of waiting game, in part because of the legislation, being turned into an actual test that will have the
welcome back to breaking news cover range on a fiscal cliff deal on capitol hill. democrats got out of their meeting with vice president joe biden. the vice president had been is set to the hill to discuss the deal and he spent much of the past 24 hours working out the details with senate minority leader mitch mcconnell. here is what we know about the potential deal as of right now. current bush era tax cuts will expire for individuals with an income over $400,000, also for couples with an...
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cliff deal. he is was on meet the press. republicans weren't happy with that appearance because he they felt he was blaming them. new development in the last hour or two, vice president biden has come back from delaware. he is now here at the white house. he has had two phone calls with mitch mcconnell. in previous budget battles, joe biden has been the closer on these deals. his coming back from delaware might be a sign they are moving a little closer. that will be something to watch. the whole thing about changing cpi and reining in cost of entitlements, republicans are judging in on that. take a listen. >> one of proposals we made was something called change cpi but basically makes an adjustment in terms of how inflation is calculated on social security. highly unpopular among democrats not something supported but to strengthen social security in the long time i'm willing to make those decisions. >> reporter: in the morning, the president seemed to be opening the door to rein in those entitlem
cliff deal. he is was on meet the press. republicans weren't happy with that appearance because he they felt he was blaming them. new development in the last hour or two, vice president biden has come back from delaware. he is now here at the white house. he has had two phone calls with mitch mcconnell. in previous budget battles, joe biden has been the closer on these deals. his coming back from delaware might be a sign they are moving a little closer. that will be something to watch. the...
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Jan 1, 2013
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we're watching the developments on capitol hill on the fiscal cliff deal. 12 hours ago, 14 hours ago rather, 2:00 a.m., the senate passed a bill, 89-8 in the bipartisan fashion. then was sent over to the house. it was hopeful that the house would then take that bill and agree to it, that it would pass with 218 votes, and then perhaps it would become law and the fiscal cliff deal would be done. however, we've just learned within the last 30 minutes that the second ranking republican in the house does not support the bill as it stands. and as our luke russert has been reporting to us, this would mean a whole other round of amendments perhaps to that bill. it also could mean that, therefore, it would go to the senate and then back to the house. this as we look at only 44 hours left in the 112th congress, and can they get it done or will it have to start all over again on thursday with the 113th congress? nbc's luke russert has been reporting for us and he was speaking with members early and heard from one member, luke, and i found this very interesting, you said that that member told yo
we're watching the developments on capitol hill on the fiscal cliff deal. 12 hours ago, 14 hours ago rather, 2:00 a.m., the senate passed a bill, 89-8 in the bipartisan fashion. then was sent over to the house. it was hopeful that the house would then take that bill and agree to it, that it would pass with 218 votes, and then perhaps it would become law and the fiscal cliff deal would be done. however, we've just learned within the last 30 minutes that the second ranking republican in the house...
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Dec 27, 2012
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read the headlines and they say the president is giving up his vacation to negotiate a fiscal cliff deal but is something he said before leaving for hawaii leaving room for negotiations? what are we talking about? set it up. >> the president is heading back to washington to attempt a last ditch effort with speaker boehner to forge compromise to avert the fiscal cliff which will kick in in about six days if nothing'ss done. those are the headlines. everyone talking about cutting his vacation short. the question is there anything that can be done? they were at an impasse before christmas, the republicans and house imploded and it's a tight spot. i suspect if there's a deal,t will be unpalatable for everyone. >> there was a interchange before the talks broke wn. we have the quotes. john boehner said to obama, quote, iut $800 billio i tax revenue on the table. what do i get for that? allegedly we understand president obama came back to him and said, you get nothing. i get that for free. you get nothing. >> there were a couple eye-opening quotes. a "wall reet journal" story before christmas t
read the headlines and they say the president is giving up his vacation to negotiate a fiscal cliff deal but is something he said before leaving for hawaii leaving room for negotiations? what are we talking about? set it up. >> the president is heading back to washington to attempt a last ditch effort with speaker boehner to forge compromise to avert the fiscal cliff which will kick in in about six days if nothing'ss done. those are the headlines. everyone talking about cutting his...
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Dec 26, 2012
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read the headlines and they say the president is giving up his vacation to negotiate a fiscal cliff deal but is something he said before leaving for hawaii leaving room for negotiations? what are we talking about? set it up. >> the president is heading back to washington to attempt a last ditch effort with speaker boehner to forge compromise to avert the fiscal cliff which will kick in in about six days if nothing's done. those are the headlines. everyone talking about cutting his vacation short. the question is there anything that can be done? they were at an impasse before christmas, the republicans and house imploded and it's a tight spot. i suspect if there's a deal, it will be unpalatable for everyone. >> there was a interchange before the talks broke down. we have the quotes. john boehner said to obama, quote, i put $800 billion in tax revenue on the table. what do i get for that? allegedly we understand president obama came back to him and said, you get nothing. i get that for free. you get nothing. >> there were a couple eye-opening quotes. a "wall street journal" story before ch
read the headlines and they say the president is giving up his vacation to negotiate a fiscal cliff deal but is something he said before leaving for hawaii leaving room for negotiations? what are we talking about? set it up. >> the president is heading back to washington to attempt a last ditch effort with speaker boehner to forge compromise to avert the fiscal cliff which will kick in in about six days if nothing's done. those are the headlines. everyone talking about cutting his...
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Dec 26, 2012
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tonight to work on a fiscal cliff deal. now, if the stakes weren't high enough, the treasury department upped ante just a short time ago. it announced the u.s. will hit the debt ceiling on december 31st that is monday. treasury department is undertaking and this is a quote, extraordinary measures to postpone the country's date with the debt deadline, but will this bring a new sense of urgency and motivate politicians to reach a budget deal. joining us now, lindsey piegza, economist with ftn financial and james freeman, assistant editor of "the wall street journal"'s editorial page. james, i will start with you. does the treasury department's statement literally within the last hour we'll hit the debt ceiling deadline on monday, does that add any kind of motivation they need to get their act together in washington? >> i don't know. i think it might just add a little skepticism. you remember when we went through this at 2011. they had various dates, finally months into it in august they said this is the real deadline. knowing
tonight to work on a fiscal cliff deal. now, if the stakes weren't high enough, the treasury department upped ante just a short time ago. it announced the u.s. will hit the debt ceiling on december 31st that is monday. treasury department is undertaking and this is a quote, extraordinary measures to postpone the country's date with the debt deadline, but will this bring a new sense of urgency and motivate politicians to reach a budget deal. joining us now, lindsey piegza, economist with ftn...
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Jan 1, 2013
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cliff deal. the dow jones industrial average gained 166 points to close at 13,104, up 7% for the year. the nasdaq rose 59 points to close at 3019, up nearly 16% this year. nearly two dozen people died in a string of attacks across iraq today. most of the violence targeted shiite communities and police. one of the blasts rocked baghdad's karrada neighborhood, sending smoke billowing above the skyline. the car bomb went off near a tent where shiite pilgrims were gathering. five people were killed there. in syria, elite troops, along with tanks, battled to dislodge rebels from a key southern suburb of damascus. the area is within firing distance of major government sites in the capital. amateur video also showed the aftermath of what appeared to be air strikes in the northeastern suburb of douma. the attacks toppled buildings and sent civilians fleeing. celebrations began today as the new year, 2013, dawned around the globe. we have a report from richard pallot of independent television news. . >> h
cliff deal. the dow jones industrial average gained 166 points to close at 13,104, up 7% for the year. the nasdaq rose 59 points to close at 3019, up nearly 16% this year. nearly two dozen people died in a string of attacks across iraq today. most of the violence targeted shiite communities and police. one of the blasts rocked baghdad's karrada neighborhood, sending smoke billowing above the skyline. the car bomb went off near a tent where shiite pilgrims were gathering. five people were killed...
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yet you see vice president biden on the hill yesterday dealing with the fiscal cliff. if you're going to have two more months of positioning on the fiscal cliff, how deep does the president go on that or does he go on immigration or gun control or energy which he said yesterday is another priority in his state of the union speech and really push? because the white house has to prioritize and right now the economy continues to be the number one priority for the foreseeable future. >> jill, if this fiscal cliff bill does get done is the new congress going to be more or less likely to work with the president on his second term agenda? >> well, the president is going to have more senators to work with, 55 as opposed to 53. that doesn't mean he'll have an easy time of it because republicans can block anything they want in the senate. it depends on what lessons if any republicans took from the election. i do think that the principle gap is very deep and so i'm not sure that we're going to see a kumbaya situation. but as i say, there are some advantages for republicans in mak
yet you see vice president biden on the hill yesterday dealing with the fiscal cliff. if you're going to have two more months of positioning on the fiscal cliff, how deep does the president go on that or does he go on immigration or gun control or energy which he said yesterday is another priority in his state of the union speech and really push? because the white house has to prioritize and right now the economy continues to be the number one priority for the foreseeable future. >> jill,...
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and not deal with the fiscal cliff but deal with spending bills to clean up new york and connecticut and new jersey from hurricane sandy and reauthorize some intelligence bills. so i mean, there's no real deal in the offing. there's nothing going on behind the scenes that would lead us to believe that anything would get done before january 1. >> all right. josh, out to you. obviously a lot of the discussion has been around the kind of deal that we would get if we do get something. if a deal does come through, it -- more likely will not be comprehensive, right? there's going to be a lot of negotiating that occurs after the first of the year. i guess my question to you is, does this leave the markets open to turmoil and more volatility as we head into january? >> the markets are going to be left open to turmoil and volatility, period. what we've seen is that despite the stakes getting higher, this isn't a game of poker but one of go fish. and no one seems to be fishing their wish. republicans are working with a weaker hand because they have to do a deal that involves a greater democrat
and not deal with the fiscal cliff but deal with spending bills to clean up new york and connecticut and new jersey from hurricane sandy and reauthorize some intelligence bills. so i mean, there's no real deal in the offing. there's nothing going on behind the scenes that would lead us to believe that anything would get done before january 1. >> all right. josh, out to you. obviously a lot of the discussion has been around the kind of deal that we would get if we do get something. if a...
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Dec 27, 2012
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it would be a package to deal with averting the fiscal cliff. we can infer from that with what the president said before he went to the family vacation in hawaii that he wanted something that would be scaled down, not a massive grand bargain that would protect the current tax rate for people who earned less than $250,000 a year or perhaps a different figure if they reached that. but trying to protect the middle class. so officials here haven't seen it yet, but this is kind of today's volley in what has been this ongoing battle. house speaker john boehner has been saying the president must act and it appears the president is prepared to do that with another offer. and senate democrats would presumably be right on board with that. hopefully we will get details sometime this afternoon. then we'll see where we are. there isn't much time left. as you know, there are many people who have sorted of scaled back the breathless approach to what is a fiscal cliff and are a little bit more low key about it now. obviously, there are deadlines. but if it goes
it would be a package to deal with averting the fiscal cliff. we can infer from that with what the president said before he went to the family vacation in hawaii that he wanted something that would be scaled down, not a massive grand bargain that would protect the current tax rate for people who earned less than $250,000 a year or perhaps a different figure if they reached that. but trying to protect the middle class. so officials here haven't seen it yet, but this is kind of today's volley in...
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Jan 1, 2013
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fiscal cliff deal puts kibosh on pay raises. it hasn't passed house so technically it is still on the table. >>> if the house passes the senate fiscal cliff bill we avoid going over the dairy cliff. this will prevent from milk prices doubling to nearly eight bucks a gallon the senate version of the bill extends the farm bill for another year, keeping current dairy programs in place. farmers allow people to focus on giving customers what they need. >> we have become more innovative. we're into the marketplace we have new products. we have lactose-free milk, low-fat, low sugar flavored milks. that is exactly what you're going to do now. what do you want a as consumer. we'll take care of you. juliet: house speaker john boehner has pushed back voting a new five-year farm bill for months saying it doesn't have the support it needs to pass. >>> brian, what's going on over there, buddy? brian: well, i'll trying to help a lot of american people. are you physicianed and faded out today because of wild new year's eve. do you feel you're h
fiscal cliff deal puts kibosh on pay raises. it hasn't passed house so technically it is still on the table. >>> if the house passes the senate fiscal cliff bill we avoid going over the dairy cliff. this will prevent from milk prices doubling to nearly eight bucks a gallon the senate version of the bill extends the farm bill for another year, keeping current dairy programs in place. farmers allow people to focus on giving customers what they need. >> we have become more...
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Dec 31, 2012
12/12
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thank you very much. >> appears that a deal is in sight on the fiscal cliff. a deal is not done yet. we may have to solve this problem in several stocks. including a tax credit for families with children the education tax credit. >> he said he would have liked to have gotten a bigger deal done but unfortunately he was not able to do that. this will have to be ruled out in several steps. checking chicagos letter which is kind of great as the final day of 2012. snow passing downstate as you can see on the radar. if you're heading south be aware of that. we may get a flurry but a lot of this hanging up in the clouds over the city. it will be moving out of here tonight. we get into some serious cold there. this low pressure a streaking along fast. high pressure comes in and brings the sun back tomorrow. look at the temperatures and how cold it is out west of us. we've got 310 days without a subfreezing reading. the hundred and 10 days310 days is just not happened before. tomorrow it happens, we go into subfreezing daytime high territory. we bring to an end, a reco
thank you very much. >> appears that a deal is in sight on the fiscal cliff. a deal is not done yet. we may have to solve this problem in several stocks. including a tax credit for families with children the education tax credit. >> he said he would have liked to have gotten a bigger deal done but unfortunately he was not able to do that. this will have to be ruled out in several steps. checking chicagos letter which is kind of great as the final day of 2012. snow passing downstate...
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Dec 30, 2012
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if this good deal -- the fiscal could deal -- the fiscal cliff deal. you think during their well- earned christmas break, both sides would find a way to come together and do something. >> this is n the fault of congress. congress is behaving like congress. this is the president's fault here the president needs to go to the country and explain why they need to get this done. he has never done this. >> i have heard him talk about it over and over incessantly about why we have to avoid the fiscal clip. it is the fault of congress. they created this fiscal cliff. they did it. no one else imposed this on them. >> the president has never gone to the natioand made a sio speech about debt. he ignored it the first two years. he appoints a commission that he studiously ignores for the next two years. that is why we are at the clip now. he is not serious about the debt. none of his proposals to raise taxes on the rich. he has never put any political capital in entitlement reform our tax reform. he'll talk about it here and there. never invested any capital in it.
if this good deal -- the fiscal could deal -- the fiscal cliff deal. you think during their well- earned christmas break, both sides would find a way to come together and do something. >> this is n the fault of congress. congress is behaving like congress. this is the president's fault here the president needs to go to the country and explain why they need to get this done. he has never done this. >> i have heard him talk about it over and over incessantly about why we have to avoid...
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Dec 30, 2012
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not all deals are created equal. we want to see a fiscal cliff deal. if it cuts the heck out of all kind of programs, then you can have a deal that is actually a real drag on the recovery as well. maybe not a recession, but a slower year than we otherwise would and slow growth. again, there's two percentage points in the payroll tax scheduled to increase on january 1. if you look at how negotiations are going, it looks like it's going to happen. the typical family's taxes by $1,000 over the course of a year. >> the final one, we are talking debt ceiling. you think the fiscal cliff thing is bad for the economy. you wait and see if they can't get the debt ceiling worked out. >> right. it's one thing to go over the fiscal cliff. that would be bad. we don't want to it happen. a recession may happen. it would be unfortunate. it's different than the u.s. defaulting on the debt. you know, we saw that back in august, 2011, we saw the downgrade of the credit rating. just by having the threat of not approving the debt ceiling increase and the possibility of defa
not all deals are created equal. we want to see a fiscal cliff deal. if it cuts the heck out of all kind of programs, then you can have a deal that is actually a real drag on the recovery as well. maybe not a recession, but a slower year than we otherwise would and slow growth. again, there's two percentage points in the payroll tax scheduled to increase on january 1. if you look at how negotiations are going, it looks like it's going to happen. the typical family's taxes by $1,000 over the...
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Dec 28, 2012
12/12
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this is one of the problems that faces the fiscal cliff deal. a filibuster could arise. you and jessica were talking about that. the hope for any deal before january 1st is that somehow minority leader mitch mcconnell could convince his troops, convince the republicans not to block it with a filibuster. each individual senator makes up their own mind, each senator has the right to stage a filibuster. so that's not something he can control entirely. a bigger issue, though, i have to edadmit, when you look at senator mcconnell and why he's so important right now is that he needs to bring some republicans on board this deal for a couple reasons. first, they need those republican votes to get anything through the senate. and then second of all, speaker boehner needs some cover, he needs some way to convince republicans in the house that they should pass this deal. conservatives are putting pressure on all sides and republicans in the house want to be to say conservativings in the senate supported this. i can too for the good of the country even though i don't like it. these
this is one of the problems that faces the fiscal cliff deal. a filibuster could arise. you and jessica were talking about that. the hope for any deal before january 1st is that somehow minority leader mitch mcconnell could convince his troops, convince the republicans not to block it with a filibuster. each individual senator makes up their own mind, each senator has the right to stage a filibuster. so that's not something he can control entirely. a bigger issue, though, i have to edadmit,...
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if there's a fiscal cliff deal, you could see the markets rally. and on tuesday john boehner, the 113th congress is sworn in and john boehner is expected to be elected to his second term as house speaker by a vote in the house. we'll see if everyone plays nice in the sandbox and work together to solve the country's problems in 2013. if you're sitting down to breakfast, this bowl of cereal, that milk can get more expensive if a fiscal cliff deal is not reached. that gallon of milk might cost as much as $7. cnn's candy crowley spoke with secretary of agriculture tom vilsack. $7 milk? this is known as the dairy cliff, right? >> yes, it is. we've been so focused on other kinds of cliffs, but, in fact, because there is no farm bill, they revert back to some laws that were enacted in the 1940s. it would cause -- because milk won't be, if you will, propped up, it would cause milk prices too almost double, at least according to the agriculture secretary. they're working on a fix, something like that which hits consumers so hard. they'll notice that immedia
if there's a fiscal cliff deal, you could see the markets rally. and on tuesday john boehner, the 113th congress is sworn in and john boehner is expected to be elected to his second term as house speaker by a vote in the house. we'll see if everyone plays nice in the sandbox and work together to solve the country's problems in 2013. if you're sitting down to breakfast, this bowl of cereal, that milk can get more expensive if a fiscal cliff deal is not reached. that gallon of milk might cost as...
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at last a deal reached. no, not on the fiscal cliff. we are live in miami, florida, next. the holidays are a sweet spot for cinnabon. president -- joined us and how this year is stacking up for her company. not even 40 years old and on her way to greatness. ♪ ♪ >> it is 1:41 p.m. and time for your fox business brief. president obama will meet with congressional leaders in just a few hours from now. right now, the dow is down 72 points. the chinese government is announcing stiff new rules to use the internet. the communist country now requires users to provide their real name to service providers. it places a greater burden on web companies. fox sports media group is buying cleveland indians sports channel. it is worth -- it will give fox sports the right to broadcast indian games for ten years. it is owned by news corporation. that is the latest from the fox business network. giving you the power to prosper. ♪ david: who does not know that sweet smell of cinnabon. you follow your noses to the bakery chain nearest store every day. it is not just here in the united sta
at last a deal reached. no, not on the fiscal cliff. we are live in miami, florida, next. the holidays are a sweet spot for cinnabon. president -- joined us and how this year is stacking up for her company. not even 40 years old and on her way to greatness. ♪ ♪ >> it is 1:41 p.m. and time for your fox business brief. president obama will meet with congressional leaders in just a few hours from now. right now, the dow is down 72 points. the chinese government is announcing stiff new...
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we're going to do this in steps meaning a fiscal cliff deal. the question for the market at this point is how much of a deal will come out of this, will it be a partial going over the cliff, or will it be -- will it be one of the band-aid measures that wall street wasn't hoping for. with one of these sort of half deals or partial deals, what wall street winds up getting is more question marks. not really some -- solid rules of the road that continue getting this uncertainty about where taxes may be. so, you know, we are seeing the dow up right now 47 points. but the dow is off its highs of the session, simply because it doesn't look like it is going to be a full deal as far as investors feel that they think it is going to be more of a band aid measure. >> like a series of mood swings and the american public wants to know where they stand. that's pretty much the bottom line. let me ask, the form bill, another big concern, top congressional leaders say they have reached a deal. but yet to vote on an extension. if congress fails to act, well, an i
we're going to do this in steps meaning a fiscal cliff deal. the question for the market at this point is how much of a deal will come out of this, will it be a partial going over the cliff, or will it be -- will it be one of the band-aid measures that wall street wasn't hoping for. with one of these sort of half deals or partial deals, what wall street winds up getting is more question marks. not really some -- solid rules of the road that continue getting this uncertainty about where taxes...
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Dec 27, 2012
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starbucks brews up a bold campaign to get a deal done on the fiscal cliff. details are coming up next. you can never have too much money and a damn good cup of joe. ♪ . ♪ . adam: not so beautiful if you're caught in a blizzard hitting part of the country but that's another story. time for a little fun with spare change. we are joined today by fox ne contributor julie roginsky and our ownennis kneale. first up, if you love country, i don't know if you guys are starbks people -- >> i am. adam: dennis are you starbucks? too bitter. >> you're too sweet. adam: starbucks wants to send a message to lawmakers, notice i ignored that one. message to lawmakers about the fiscal cliff. they're using coffee cups to do the job. the ceo at starbucks is urging starbucks workers and employees in the washington, d.c. area to write on the cups, come together, come together right now. i guess quoting the beatles. thursday and friday. dennis, what do you think?. >> that should fix it. that's all we needed. either conjures up very old beatles cliche or elusive quest in the bed
starbucks brews up a bold campaign to get a deal done on the fiscal cliff. details are coming up next. you can never have too much money and a damn good cup of joe. ♪ . ♪ . adam: not so beautiful if you're caught in a blizzard hitting part of the country but that's another story. time for a little fun with spare change. we are joined today by fox ne contributor julie roginsky and our ownennis kneale. first up, if you love country, i don't know if you guys are starbks people -- >> i...
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the "fiscal cliff." president obama is supposed to meet with congressional leaders tomorrow. cbs reporter danielle nottingham is in washington and danielle, how's it looking? >> reporter: well, elizabeth, there was not a lot of optimism on capitol hill today. both senate leaders admitting that congress is facing a hard deadline while at the same time, blaming each other for not having a deal in place by now. president obama cut short his holiday vacation and returned to the white house to work on a deal to avoid the "fiscal cliff." before flying home from hawaii, the president called congressional leaders nancy pelosi, john boehner, mitch mcconnell and harry reid to reach agreements before tax hikes and spending cuts kick in january 1. >> we have been asking the president and the democrats to work with us on a bipartisan agreement for months. >> i don't know time wise how it can happen now. >> reporter: the senate majority leader wants house republicans to return from their vacations to approve a democra
the "fiscal cliff." president obama is supposed to meet with congressional leaders tomorrow. cbs reporter danielle nottingham is in washington and danielle, how's it looking? >> reporter: well, elizabeth, there was not a lot of optimism on capitol hill today. both senate leaders admitting that congress is facing a hard deadline while at the same time, blaming each other for not having a deal in place by now. president obama cut short his holiday vacation and returned to the...
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Dec 29, 2012
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there's no deal, no new offer on the fiscal cliff crisis. president obama has just told the two senate leaders they should make the deal. the results immediately felt in the financial markets. look where the dow closed down 158 points when it became very clear nothing was happening and now take a look at where the numbers are in the after markets. we would open now down 315 points on the dow if we started trading now. down 315 points. we have much more on this throughout the rest of the program, but the market's very unhappy. we do have some good news to report tonight. looks like at least one cliff has been averted for the time being. the so-called container cliff. the union that represents dock workers and u.s. maritime lines came to an agreement today to extend their current contract for 30 days. this is a big relief now for the retail industry and consumers who were staring at real destruction again for the supply chain. here now is jonathan gold and he's vice president of supply chain and customs policy for the national retail federatio
there's no deal, no new offer on the fiscal cliff crisis. president obama has just told the two senate leaders they should make the deal. the results immediately felt in the financial markets. look where the dow closed down 158 points when it became very clear nothing was happening and now take a look at where the numbers are in the after markets. we would open now down 315 points on the dow if we started trading now. down 315 points. we have much more on this throughout the rest of the...
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. >> the clock ticks down to the so-called fiscal cliff. >> closer than ever going over the fiscal cliff. >> the fiscal cliff negotiations are going no where. >> president obama may not have gotten a fiscal cliff deal, but keeping up the media pressure this sunday morning with an interview op"meet the press." we'll take a look. >>> from the david petraeus scandal to the trayvon martin tragedy. the media's performance in 2012, we'll have a report card. i'm howard kurtz and this is "reliable sources." >>> it was a striking moment when david gregory brandished that high ammunition magazine last sunday so much so we played it on this program. but that braumpted a d.c. police whether he violated the city's gun laws, one controversy that they fuind under assault. and eric who blogs about the media for "washington post." simple question, eric, should david gregory be prosecuted? >> well, i think he should be investigated. i'll leave that up to the prosecutors. but i definitely do believe unlike greta van susstrn and unlike you. >> and the "wall street journal" page. >> it turns out the district
. >> the clock ticks down to the so-called fiscal cliff. >> closer than ever going over the fiscal cliff. >> the fiscal cliff negotiations are going no where. >> president obama may not have gotten a fiscal cliff deal, but keeping up the media pressure this sunday morning with an interview op"meet the press." we'll take a look. >>> from the david petraeus scandal to the trayvon martin tragedy. the media's performance in 2012, we'll have a report card....
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Jan 1, 2013
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cliff deal. they passed it early this morning and we're going to talk more about that with neil from role call. he is here with the latest on that. thank you for coming in and talking with us. the senate has approved this and now it goes to the house at some point today. what are the odds that we'll be done with this and what are the odds this is good luck to keep going and keep going and keep going? >> what we saw last night as the senate unveiled its plan and voted on the plan in the wee hours of this morning, we've all lost track of time, we were in the capitol when this was going on, the house leadership came out with a statement that said they would consider the legislation. >> that doesn't sound good. >> they also said they were open to the possibility of promptly amending the legislation which would kick it back to the senate to deal with by thursday. and so we may not be out of the woods yet in terms of how this fiscal cliff deal came together and in any event we still haven't seen congre
cliff deal. they passed it early this morning and we're going to talk more about that with neil from role call. he is here with the latest on that. thank you for coming in and talking with us. the senate has approved this and now it goes to the house at some point today. what are the odds that we'll be done with this and what are the odds this is good luck to keep going and keep going and keep going? >> what we saw last night as the senate unveiled its plan and voted on the plan in the...
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Dec 28, 2012
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frantic work under way with just four days left to pass a fiscal cliff deal and lawmakers are meeting again this afternoon to try to avert major tax hikes and spending cuts. the latest on what we can expect from today's efforts. >> the key players will give it one last shot. president obama and congressional leaders will meet this afternoon at the white house in a last-ditch effort to avoid a self-inflicted fiscal calamity. this is the first meeting between the power plays in six weeks. if they can't work out some kind of agreement automatic tax hikes and spending cuts will go into affected new year's day, which will impact most americans and will put the nation back into recession. >> we are coming up against a hard deadline. >> at today's meeting, president obama will push for a stop gap measure, a small deal that will at least prevent tax increases for those earning $250,000 or less. but even that seems unlikely. >> the american people have a right to be very upset with this congress. >> publicly, both sides have ratcheted up rhetoric, pointing the finger. >> john boehner seems to
frantic work under way with just four days left to pass a fiscal cliff deal and lawmakers are meeting again this afternoon to try to avert major tax hikes and spending cuts. the latest on what we can expect from today's efforts. >> the key players will give it one last shot. president obama and congressional leaders will meet this afternoon at the white house in a last-ditch effort to avoid a self-inflicted fiscal calamity. this is the first meeting between the power plays in six weeks....
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Jan 1, 2013
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word of a possible deal to avoid that fiscal cliff. the vice president of the united states, joe biden, he is now inside a room, closed door room, meeting with senate democrats. he's trying to sell the plan. it was just a few moment ago we saw him walk by our own dana bash up on capitol hill, with a lot of other reporters going into the room with the senate majority leader harry reid. watch the tape. >> can you flip around. can you flip around? we're going to get the vice president right now. we're going to get the vice president right now. mr. vice president, do you have a deal? >> happy new year. >> mr. vice president, we're live on cnn. do you have a deal? >> happy new year. >> senator reid, how do you feel? got to love live tv. there you go. >> we do love live tv. dana bash doing an excellent job on capitol hill. the vice president smiling broadly, just saying happy new year. here's what we know so far. the house minority leader nancy pelosi, the senate majority leader, harry reid, they have spoken to the president, they have signe
word of a possible deal to avoid that fiscal cliff. the vice president of the united states, joe biden, he is now inside a room, closed door room, meeting with senate democrats. he's trying to sell the plan. it was just a few moment ago we saw him walk by our own dana bash up on capitol hill, with a lot of other reporters going into the room with the senate majority leader harry reid. watch the tape. >> can you flip around. can you flip around? we're going to get the vice president right...
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with all eyes on thh fiscal cliff... there's anothee deadline quickly approochinn that might have consumers concerned... the "milk cliff." it's part offa stalled farm bill... that includes nearlyy35-billioo- dollars in cuts. f the bill doesn't make it throuuh congress before the end of the year... the government will be forced tt buu vast quuntities of milk under a trummnnera law. that could send as 6 to 8 dollars ggllon... because the government would the wholeeale rate... under a pre-filed bill in the general assembly... is looking to make soft-shell crab... the official maryyand sannwicc.the senator richard colburn... an eastern shore republican.so dessert.in 2008... lawmakers passed llgislatiin tt make smith islann cake... a &pmulti-layered cake... the throw awaa the locks.... now the doorr will remain open all the timm at maryland casinos. so how uch more money will it the state? ptate? oel d. smith is see what the casino is expecting. joel, how busy is it? 3 3 3 the new year's eve ball haa been installed at times s
with all eyes on thh fiscal cliff... there's anothee deadline quickly approochinn that might have consumers concerned... the "milk cliff." it's part offa stalled farm bill... that includes nearlyy35-billioo- dollars in cuts. f the bill doesn't make it throuuh congress before the end of the year... the government will be forced tt buu vast quuntities of milk under a trummnnera law. that could send as 6 to 8 dollars ggllon... because the government would the wholeeale rate... under a...
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Jan 1, 2013
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the united states of america is getting ready to go over the fiscal cliff even though it's got a deal maybe close in hand. i'm wolf blitzer. i'm reporting in washington. >> lawmakers and vice president biden struggling all day on a deal, but no final vote. at least so far. we'll get the latest from the hill and show what this means for you and your taxes starting tomorrow. >> ali is going to be with us for the next hour or two or three. who knows. we're also watching a very serious health scare for the secretary of state, hillary clinton. she's now hospitalized with a blood clot. doctors are revealing where it is. we want to welcome our viewers in the united states and around the world. >>> we'll get to the fiscal cliff negotiations. there's movement right now, but first, startling new information we're learning about the blood clot that landed secretary of state hillary clinton in the hospital this new year's eve. her doctor is now revealing it's located in her head between her brain and her skull. let's go straight to our chief medical correspondent, dr. sanjay gupta for the latest.
the united states of america is getting ready to go over the fiscal cliff even though it's got a deal maybe close in hand. i'm wolf blitzer. i'm reporting in washington. >> lawmakers and vice president biden struggling all day on a deal, but no final vote. at least so far. we'll get the latest from the hill and show what this means for you and your taxes starting tomorrow. >> ali is going to be with us for the next hour or two or three. who knows. we're also watching a very serious...
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the top headline on politico is fiscal cliff deal increasingly unlikely. i think a lot of people are feeling that pessimism right now. what are you hearing? >> well, i think what you've got here, alena, is a nash equilibrium to borrow from economic theory and game theory. each of the players believe they are pursuing their optimal strategies given the strategies of the other players and there's no reason to change it. i think as observers of this, the american public, you can say there's a real reason to change it. in terms of the politicians, i think they're pursuing their best strategy right now and that leads us toward that cliff. unless something changes in the next couple of days, most folks now believe that any fix will happen after january 1st. >> the house gop leadership put out a statement yesterday. i want to read part of it for you. it says in part, the house has acted on two bills which collectively would avert the entire fiscal cliff if enacted. those bills await action by the senate. if the senate will not approve, and send them to the presid
the top headline on politico is fiscal cliff deal increasingly unlikely. i think a lot of people are feeling that pessimism right now. what are you hearing? >> well, i think what you've got here, alena, is a nash equilibrium to borrow from economic theory and game theory. each of the players believe they are pursuing their optimal strategies given the strategies of the other players and there's no reason to change it. i think as observers of this, the american public, you can say there's...
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democrats and republicans are unable to make a deal to avoid the fiscal cliff. let's get political insight on the recent setback on the fiscal cliff discussions. i'm joined by richard good stein and robert trainm. a former communications director for rick santorum. talks have broken down for the moment. what do you think is going on behind closed doors right now on capitol hill? >> i think a lot more is going on than we know. i think the staff as well as perhaps maybe leader mcconnell and vice president biden and the administration are probably trying to hammer out some type of a deal here. i know there is consternation about the chain cpi. the president said even though this is unpopular i am willing to talk a little bit about chain cpi. now that the president said this let's talk about this and try to compromise here. >> there have been several phone conversations today between senator reid and president obama. what is your take on the white house involvement? >> well, look, obviously the white house is pivotal here. i mean, the president litigated all of thes
democrats and republicans are unable to make a deal to avoid the fiscal cliff. let's get political insight on the recent setback on the fiscal cliff discussions. i'm joined by richard good stein and robert trainm. a former communications director for rick santorum. talks have broken down for the moment. what do you think is going on behind closed doors right now on capitol hill? >> i think a lot more is going on than we know. i think the staff as well as perhaps maybe leader mcconnell and...
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Dec 29, 2012
12/12
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less than three days until the so-called fiscal cliff and congress still trying to hammer out a deal. they've had 515 days to work this out. still, though, capitol hill leaders are at an impasse and starting next week, you and i could see our paychecks cut as payroll taxes go up and that could be just the beginning. the clock at the bottom right of your screen there might as well have a blaringa, large on it because come midnight monday if lawmakers have not found the fiscal cliff solution you're going to hear a whole heck of a lot of noise. let's get straight to washington. nbc's kristen welker at the white house and luke russert is tracking developments at capitol hill and nbc news senior political editor mark murray is here to break it down for us from the washington bureau. we will start with kristen. last we heard, kristen welker, the president came out to report that he is modestly optimistic. has the rhetoric changed at all today? >> reporter: it has changed a little bit. the president is still modestly optimistic, but i just spoke with a democratic source who tells me at this
less than three days until the so-called fiscal cliff and congress still trying to hammer out a deal. they've had 515 days to work this out. still, though, capitol hill leaders are at an impasse and starting next week, you and i could see our paychecks cut as payroll taxes go up and that could be just the beginning. the clock at the bottom right of your screen there might as well have a blaringa, large on it because come midnight monday if lawmakers have not found the fiscal cliff solution...
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Dec 26, 2012
12/12
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if you think about it, they have less than a week to get a deal to avoid the fiscal cliff. not a lot of time. how did we get to this point? taking you back to last week, you remember john boehner tried to get that alternative bill through the house. his own bill. he didn't have the support to do it. it fell apart. now things are in the senate and it will be up to harry reid and mitch connell and the president to try to come to a compromise to avoid the tax hikes and spending cuts that go into effect on the first of the year. president obama had been working with house speaker john boehner and trying to get a big deal that dealt with tax reform and deficit reduction. that fell apart and talks have largely been stalled this entire time. there was a lost pressure to get something done. we have seen some of the impacts of the fiscal cliff. consumers saying they have been more cautious with their holiday spending because of the uncertainty in washington. economists warn it could get worse and the markets could be foiled if we go over the fiscal cliff. taxes will go up for the av
if you think about it, they have less than a week to get a deal to avoid the fiscal cliff. not a lot of time. how did we get to this point? taking you back to last week, you remember john boehner tried to get that alternative bill through the house. his own bill. he didn't have the support to do it. it fell apart. now things are in the senate and it will be up to harry reid and mitch connell and the president to try to come to a compromise to avoid the tax hikes and spending cuts that go into...
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Dec 27, 2012
12/12
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if washington can't come to a deal on the fiscal cliff. >> you have less money in a difficult economy with little clarity. >> the economy will go down sharply. >> look at the number from the tax policy center. this is the average tax hit the families take on top of what they pay on taxes. those make between $40,000 and $50,000 pay extra $1700. >> if you manage to make over $200,000, it will be a big jump up. you will need to send a check to uncle sam for $14,000 initial dollars. $500,000 to $1 million pays $34,000 more. they want $215,000 on top of what you pay in taxes. >> the wealth manager says the money you have left as far as businesses also deal with their own tax hikes. >> you are going to see less money in your paycheck. >> the government has to bite the bullet with $1.2 trillion in spending cuts. more than half of that is to the defense budget. >> they say families may need austerity calculation before making big purchases. look at the money you have and the money you need in the future to decide if you need the next big picture. doug? >> doug: thank you, molly. residents of
if washington can't come to a deal on the fiscal cliff. >> you have less money in a difficult economy with little clarity. >> the economy will go down sharply. >> look at the number from the tax policy center. this is the average tax hit the families take on top of what they pay on taxes. those make between $40,000 and $50,000 pay extra $1700. >> if you manage to make over $200,000, it will be a big jump up. you will need to send a check to uncle sam for $14,000 initial...
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Dec 26, 2012
12/12
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CNBC
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president obama cutting short his annual vacation in hawaii to deal with the fiscal cliff. no sight of congressional leaders. they're not in town. investors getting a little bit nervous. will congress get it together in time? no talks that we know of are imminent. it was by at least one measure, the weakest holiday retail sales growth since the financial crisis back in 2008, but could a post-christmas holiday sales bounce be around the corner? >>> and what a year it has been for tech. gadgets and gizmos. apple, facebook, microsoft all have big news. will 2013 be a lucky year for the sector? which tech titans might lead the new trends? simon hobbs is in at the new york stock exchange. >> good afternoon. when president obama arrives back in d.c., can he prevent america falling over the fiscal cliff? house republicans haven't yet called their members back to washington. our chief political correspondent, john harwood, is with us. john, this feels very much like it might be the calm before the storm in more way than one. >> it could be if we go over the cliff and the storm woul
president obama cutting short his annual vacation in hawaii to deal with the fiscal cliff. no sight of congressional leaders. they're not in town. investors getting a little bit nervous. will congress get it together in time? no talks that we know of are imminent. it was by at least one measure, the weakest holiday retail sales growth since the financial crisis back in 2008, but could a post-christmas holiday sales bounce be around the corner? >>> and what a year it has been for tech....
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Dec 31, 2012
12/12
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cliff deal. the dow jones industrial average gained 166 points to close at 13,104, up 7% for the year. the nasdaq rose 59 points to close at 3019, up nearly 16% this year. nearly two dozen people died in a string of attacks across iraq today. most of the violence targeted shiite communities and police. one of the blasts rocked baghdad's karrada neighborhood, sending smoke billowing above the skyline. the car bomb went off near a tent where shiite pilgrims were gathering. five people were killed there. in syria, elite troops, along with tanks, battled to dislodge rebels from a key southern suburb of damascus. the area is within firing distance of major government sites in the capital. amateur video also showed the aftermath of what appeared to be air strikes in the northeastern suburb of douma. the attacks toppled buildings and sent civilians fleeing. celebrations began today as the new year, 2013, dawned around the globe. we have a report from richard pallot of independent television news. . >> h
cliff deal. the dow jones industrial average gained 166 points to close at 13,104, up 7% for the year. the nasdaq rose 59 points to close at 3019, up nearly 16% this year. nearly two dozen people died in a string of attacks across iraq today. most of the violence targeted shiite communities and police. one of the blasts rocked baghdad's karrada neighborhood, sending smoke billowing above the skyline. the car bomb went off near a tent where shiite pilgrims were gathering. five people were killed...
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Dec 28, 2012
12/12
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cliff" deal is in sight. sunday the house has been called to an unusual session just in case an agreement is not reached. >>> a new report suggests the looming "fiscal cliff" is forcing consumers to lose confidence in the nation's economy. the conference board said on thursday its consumer price index fell sharply in december for the second consecutive month. >>> a potential strike by dock workers along the east coast and gulf coast threatens to cost the nation's economy billions. more than 14,000 longshoremen are ready to strike sunday. a walkout would shut ports from boston to houston. those ports move as much as 100 million tons of goods each year including everything from flat screen tvs, sneakers and snow shovels. >>> ski world entertainment plans to become a publicly traded company. the company's three parks are known for their water shows with killer whales. it earned $86 million during the first nine months of this year. seaworld's other property including two busch gardens parks and sesame place in p
cliff" deal is in sight. sunday the house has been called to an unusual session just in case an agreement is not reached. >>> a new report suggests the looming "fiscal cliff" is forcing consumers to lose confidence in the nation's economy. the conference board said on thursday its consumer price index fell sharply in december for the second consecutive month. >>> a potential strike by dock workers along the east coast and gulf coast threatens to cost the...
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Jan 1, 2013
01/13
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on thist your take fiscal cliff deal. david in louisiana, republican caller. caller: i feel this bill is not really accomplishing anything. if we keep ignoring what we are doing with the tax dollars, iciest of money going to refuse -- i see this money going to a very few states and individuals. it is not stimulating manufacturing here. we are buying chinese solar panels and trying to offset that by putting tariffs on imports. it is a big joke. i'm not speaking just on the federal approval. that is just one example. we've got to have oversight and planning. we've got to do something that will not have long-range negative impacts. we've got to control spending. it is not a democrat or republican gain. we have to be realistic about what we are spending our money on. host: marla in missouri. go ahead. caller: a couple of things. the last few callers are right. it is not a democrat or republican. it is the whole cabinet. the thing that gets me is that ronald reagan did are all the money from social security. i am one of those people. i'm also on social security now
on thist your take fiscal cliff deal. david in louisiana, republican caller. caller: i feel this bill is not really accomplishing anything. if we keep ignoring what we are doing with the tax dollars, iciest of money going to refuse -- i see this money going to a very few states and individuals. it is not stimulating manufacturing here. we are buying chinese solar panels and trying to offset that by putting tariffs on imports. it is a big joke. i'm not speaking just on the federal approval. that...
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Jan 1, 2013
01/13
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that's how the markets will probably react to the fiscal cliff deal. yes, to be sure, the worst effects have been put off, but only for a while. there's still those spending cuts. they've been kicked down the road by two months. there's the $16.4 trillion debt ceiling, which has to be raised. that's been kicked off a couple of months. and then you've got the appropriations, the whole budget process, which will come back before the spring is over. so time and again, the markets in europe are saying we've seen how difficult it is to do these deals. look at what happened with greece, with bailouts, with sovereign debt crises, with the euro zone. it was only at the very last possible minute that compromise was reached, that the big bargain was done. and if you look at the united states, even at a time of, a moment when really both sides needed to do more than the minimum, the markets will be saying they failed to do so. so, yes, they will be relieved, there won't be any immediate reaction, but the markets are certainly putting the politicians on notice tha
that's how the markets will probably react to the fiscal cliff deal. yes, to be sure, the worst effects have been put off, but only for a while. there's still those spending cuts. they've been kicked down the road by two months. there's the $16.4 trillion debt ceiling, which has to be raised. that's been kicked off a couple of months. and then you've got the appropriations, the whole budget process, which will come back before the spring is over. so time and again, the markets in europe are...
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Dec 27, 2012
12/12
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the senate convened today for emergency session to deal with the fiscal cliff. the house has announced plans to reconvene on sunday. both senate majority leader harry reid and senate minority leader mitch mcconnell spoke a short time ago and neither sounds hopeful of fiscal cliff deal will be made before the deadline. so at this point is there any chance the united states can avoid taking a fiscal cliff dive? joining me for more is republican senator john hoeven of north dakota. and very simply, sir, we appreciate you being here but is harry reid right? are we going off the cliff? >> well, adam i hope he is not right. at this point president obama indicated he is going to call and talk to our leader, mitch mcconnell, senator mcconnell and make a proposal. we're very interested to see what that proposal is. we put revenues on the table. there needs to be some savings. and i believe we can get a deal so let's go. adam: what will the do look like? the president at one point actually upped what he was willing to tax. he wants taxes. originally saying on incomes of 2
the senate convened today for emergency session to deal with the fiscal cliff. the house has announced plans to reconvene on sunday. both senate majority leader harry reid and senate minority leader mitch mcconnell spoke a short time ago and neither sounds hopeful of fiscal cliff deal will be made before the deadline. so at this point is there any chance the united states can avoid taking a fiscal cliff dive? joining me for more is republican senator john hoeven of north dakota. and very...
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Dec 26, 2012
12/12
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a few days left for lawmakers to make a deal to avoid the so-called fiscal cliff. john boehner has not called members back to d.c. yet. we will get a live report on that. be sure to check out our "news nation" page and find all kinds of behind the scenes pictures at "news nation".tumbler.com. new years clutter is no match for someone with big ideas. with a new project in mind, some how-to knowledge to give us an edge, and more savings down every aisle. it only takes a few twists and turns for those bright ideas to make the new year even brighter. more saving. more doing. that's the power of the home depot. start fresh and save with hdx 20 gallon totes, a special buy at just $5.88 a piece. >>> another update with six days to go before the nation goes over the fiscal cliff. president obama is due back in d.c. after cutting his vacation short. the house speaker has yet to call his numbers back to work. they are scheduled to return to d.c. tomorrow. we learned today that house members won't be handling any legislative business. one republican aide saying it's up to sen
a few days left for lawmakers to make a deal to avoid the so-called fiscal cliff. john boehner has not called members back to d.c. yet. we will get a live report on that. be sure to check out our "news nation" page and find all kinds of behind the scenes pictures at "news nation".tumbler.com. new years clutter is no match for someone with big ideas. with a new project in mind, some how-to knowledge to give us an edge, and more savings down every aisle. it only takes a few...
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Dec 31, 2012
12/12
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CSPAN2
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, no deal is the worst deal because the government will go over the fiscal cliff and will take almost every american with us. almost every family that pays taxes now will pay higher taxes. people's jobs will immediately be put in jeopardy, unemployment compensation will end for more than 2 million people, our defenses will be decimated by cuts that will put us in a position of accepting really unacceptable risks to our security, title 1 programs of education for low-income children will be cut dramatically, most people, including the congressional budget office, our own congressional budget office, say that the combination of tax increases along with the decreased spending required under the budget control act will push our economy back into recession in the new year. so i don't agree that no deal is better than a bad deal. in this case, i repeat, no deal is the worst deal because it allows our country to go over the fiscal cliff and really hurts almost every american family in our country, in our economy, as a whole. this shouldn't be a surprise to us. it's not as if, if i could use
, no deal is the worst deal because the government will go over the fiscal cliff and will take almost every american with us. almost every family that pays taxes now will pay higher taxes. people's jobs will immediately be put in jeopardy, unemployment compensation will end for more than 2 million people, our defenses will be decimated by cuts that will put us in a position of accepting really unacceptable risks to our security, title 1 programs of education for low-income children will be cut...
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Dec 30, 2012
12/12
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now, pushing a deal on the fiscal cliff. as you noted on capitol hill is where all of the action is right now. the president when he bought the leaders here on friday said they have to try to work something out over the next couple of days and said on "meet the press" his position was either there is a deal or he wants the senate to bring up h his version of this short-term stop gap measure that would extend tax cuts for those making $250,000 or less and extend unemployment. he said if republicans stop they will be to blame for the fiscal cliff. what role do you have in this don't you have to show leadership to break the imabout passe? the president went back to pointing the finger at republicans. take a list. >> speaker boehner and republican leader mcconnell to accept the fact taxes on wealthiest americans should go up a little bit. if folks can't say yes to good offers i have an obligation of the american people to make sure that the entire burden of deficit reduction doesn't fall on seniors who are relying on medicare. >
now, pushing a deal on the fiscal cliff. as you noted on capitol hill is where all of the action is right now. the president when he bought the leaders here on friday said they have to try to work something out over the next couple of days and said on "meet the press" his position was either there is a deal or he wants the senate to bring up h his version of this short-term stop gap measure that would extend tax cuts for those making $250,000 or less and extend unemployment. he said...
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Dec 29, 2012
12/12
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how are they dealing or how are they responding to the fiscal cliff talks? >> not well. i mean, it really depends on who you talk to. so many people range from confusion as to what is happening, anger, and some people don't want to deal with it. fiscal cliff, i'll think about that later. i'll think about that in 2013. now is the time to at least be aware of what you may be facing. also for your tax, for example, tax preparers, any cpa's that are out there, they're in sort of a wait and see mode at this time. they can't do a lot until they know what they're dealing with. and, in fact, what congress does and makes its move. so if you're looking forward to having that tax refund on time, if that's money that you look forward to every single year, you might want to plan for something different because there could be delays on the scene. it just depends on what happens. everybody is waiting to see what congress does before they can go through their process. >> heather: hopefully they will do something. thank you. carolyn castleberry. we appreciate you joining us. good friend
how are they dealing or how are they responding to the fiscal cliff talks? >> not well. i mean, it really depends on who you talk to. so many people range from confusion as to what is happening, anger, and some people don't want to deal with it. fiscal cliff, i'll think about that later. i'll think about that in 2013. now is the time to at least be aware of what you may be facing. also for your tax, for example, tax preparers, any cpa's that are out there, they're in sort of a wait and...
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Dec 27, 2012
12/12
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still ahead what is preventing lawmakers from reaching a deal on the fiscal cliff? can a deal get done at this point? congressman peter welch will join us with insight at 11 a.m. suddenly, she does something unexpected and you see the woman you fell in love with. she's everything to you. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess with cialis. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, seek immediate medical help for an erection lasting more than fo
still ahead what is preventing lawmakers from reaching a deal on the fiscal cliff? can a deal get done at this point? congressman peter welch will join us with insight at 11 a.m. suddenly, she does something unexpected and you see the woman you fell in love with. she's everything to you. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and...
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Dec 29, 2012
12/12
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FOXNEWSW
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there is no deal yet for the fiscal cliff. but for now we have at least avoided the container cliff. 15,000 dock workers at 15 major u.s. ports and port owners agreeing to extend an expired contract for 30 days. the main issue is container royalties. the heavier the container the more dock workers get paid. owners want to cap payments. a strike would have meant higher prices on many goods like clothing, auto goods and electronic products because they would have been in short supply. emma lou harris could be in trouble with the law. tmz reports that harris is accused of hitting another car on a highway then driving off. the l.a. county d.a. is deciding whether harris will face any charges. in one was hurt. a rep for the singer says it was so minor harris didn't even know she hit the other car. and those are your headlines. >> thank you, juliet. let's talk about this story because this is outrageous. >> dave: unbelievable. >> juliet: sick. >> clayton: here is what vladimir putin did in response to the united states trying to put
there is no deal yet for the fiscal cliff. but for now we have at least avoided the container cliff. 15,000 dock workers at 15 major u.s. ports and port owners agreeing to extend an expired contract for 30 days. the main issue is container royalties. the heavier the container the more dock workers get paid. owners want to cap payments. a strike would have meant higher prices on many goods like clothing, auto goods and electronic products because they would have been in short supply. emma lou...
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Dec 28, 2012
12/12
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WBFF
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with all eyes on the fiscal cliff... there'ss anotter deadline quickly approaching that miggt haae consumers concerned... the "milk cliff." it's part of a stalled farmmbill... that includes nearly 35-billionn dollars in cuts. if the bill oesnnt make t througg congrees before the end o the year... he government ill be &pforceddto buy vast quantities consumer milk prices as high w.- as 6 to 8 dollars a gallonn.. because the governmenn would the wholesaae rate... under the 1949 rules. the first ovvrnight gambling session at "maryland live"".. comes to an end this morning. mornnng.the casino is now &pdays a week.previously... maryland casinos wereeopen 8 p-m to 2 a-- sundaa through friday and saturday.the áneww pours will help ppveethe way for table games... which voters approved in november. 81553 everybody's pretty excited, oc: it's pretty exciting for our gaming customerr 081602 0816622 the casino went on facility around the cllck. their next major event is a new year's eve party. a pre-filed bill in thh ggneral assembly
with all eyes on the fiscal cliff... there'ss anotter deadline quickly approaching that miggt haae consumers concerned... the "milk cliff." it's part of a stalled farmmbill... that includes nearly 35-billionn dollars in cuts. if the bill oesnnt make t througg congrees before the end o the year... he government ill be &pforceddto buy vast quantities consumer milk prices as high w.- as 6 to 8 dollars a gallonn.. because the governmenn would the wholesaae rate... under the 1949...
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Dec 28, 2012
12/12
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CNBC
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the cliff. >> still ahead, as we approach the fiscal cliff, hopes for a debt deal are fading. we'll talk to strategists from both parties about how to prevent disaster, and what happens if we go over the cliff. judd gregg and julie epstein will join us at the top of the hour. you won't take my life. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12 years. aids is strong. aids is strong. but we are stronger. and aids... ♪ aids is going to lose. aids is going to lose. ♪ with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at scottrade, seven dollar trades are just the start. try our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'
the cliff. >> still ahead, as we approach the fiscal cliff, hopes for a debt deal are fading. we'll talk to strategists from both parties about how to prevent disaster, and what happens if we go over the cliff. judd gregg and julie epstein will join us at the top of the hour. you won't take my life. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning....
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Dec 29, 2012
12/12
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it's down to the wire for fiscal cliff deal. lawmakers are trying to draft a plan under the deadline. president obama says he is optimistic they will come to an agreement if not, deep spending cuts will kick in for nearly every american. helpis one step closer for super storm sandy. senate passing a bill to provide $60.4 billion in aid for states impacted by the disaster. bill now has to pass through the house of representatives. hurricane sandy was blamed for at least 120 deaths in areas from north carolina to maine, new york, new jersey and connecticut. i'm arthel nevil, now back to fox news watch. for all the latest log on to foxnews.com. i'll see you right here at 4:00 p.m. eastern alongside gregg jarrett. >> we will make sure that f there is anything is needed we get it out immediately. i want to thank you for everything you've done and we appreciate that. >> connecticut state police lieutenant paul advance talking to people. the killer committed suicide as police closed in on him. one of many tragedies that received major
it's down to the wire for fiscal cliff deal. lawmakers are trying to draft a plan under the deadline. president obama says he is optimistic they will come to an agreement if not, deep spending cuts will kick in for nearly every american. helpis one step closer for super storm sandy. senate passing a bill to provide $60.4 billion in aid for states impacted by the disaster. bill now has to pass through the house of representatives. hurricane sandy was blamed for at least 120 deaths in areas from...
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Dec 26, 2012
12/12
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FOXNEWSW
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if washington can't come to a deal on the fiscal cliff. >> you have less money in a difficult economy with little clarity. >> the economy will go down sharply. >> look at the number from the tax policy center. this is the average tax hit the families take on top of what they pay on taxes. those make between $40,000 and $50,000 pay extra $1700. >> if you manage to make over $200,000, it will be a big jump up. you will need to send a check to uncle sam for $14,000 initial dollars. $500,000 to $1 million pays $34,000 more. they want $215,000 on top of what you pay in taxes. >> the wealth manager says the money you have left won't go as far as businesses also deal with their own tax hikes. >> you are going to see less money in your paycheck. >> the government has to bite the bullet with $1.2 trillion in spending cuts. more than half of that is to the defense budget. >> they say families may need austerity calculation before making big purchases. look at the money you have and the money you need in the future to decide if you need the next big picture. doug? >> doug: thank you, molly. resi
if washington can't come to a deal on the fiscal cliff. >> you have less money in a difficult economy with little clarity. >> the economy will go down sharply. >> look at the number from the tax policy center. this is the average tax hit the families take on top of what they pay on taxes. those make between $40,000 and $50,000 pay extra $1700. >> if you manage to make over $200,000, it will be a big jump up. you will need to send a check to uncle sam for $14,000 initial...
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Dec 30, 2012
12/12
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why this deal may not happen next. obviously a lot of attention tonight on the fiscal cliff. we're inside 30 hours until the expiration date on tax cuts. there are other important bits of business on capitol hill before the end of the year. in other words, in the next 30 hours or so. on friday, the senate approved a more than $60 billion bill to pay for construction costs for superstorm sandy. you see the video of that here. the house still needs to vote on that legislation. it isn't clear yet what the house is going to do. molly henneberg is live in d.c. there's a holdup in the house. what is it? >> the price tag. house republicans say it's too steep. a south carolina republican congressman said he and others want to help the people hurt by sandy but lawmakers need to figure out where the money's going to come from. >> it's not paid for. i know that's a difficult conversation to have but it's a necessary conversation. if we can't come together and figure out a way to stop spending someplace else to pay for this disaster, do we hope to be able to balance our budget and fix ou
why this deal may not happen next. obviously a lot of attention tonight on the fiscal cliff. we're inside 30 hours until the expiration date on tax cuts. there are other important bits of business on capitol hill before the end of the year. in other words, in the next 30 hours or so. on friday, the senate approved a more than $60 billion bill to pay for construction costs for superstorm sandy. you see the video of that here. the house still needs to vote on that legislation. it isn't clear yet...
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cliff deals. ed henry live at the white house with more. ed? >> the first time in over three years that the president appeared on a sunday talk show. he decided to put the onus on republicans saying that the fiscal cliff negotiations are up to them. gop leaders now say the president should stop playing the blame game. full details, coming up. the capital one cash rewards card gives ases, plus a 50% annual bonus. and everyone...but her likes 50% more cash. but i'm upping my game. do you want a candy cane? yes! do you want the puppy? yes! do you want a tricycle? yes! do you want 50 percent more cash? no! ♪ festive. [ male announcer ] the capital one cash rewards card gives you 1% cash back on every purchase plus a 50% annual bonus on the cash you earn. it's the card for people who like more cash. what's in your wallet? [ buzzing ] bye dad. drive safe. k. love you. [ chirping, buzzing continues ] [ horn honks ] [ buzzing continues ] [ male announcer ] the sprint drive first app. blocks and replies
cliff deals. ed henry live at the white house with more. ed? >> the first time in over three years that the president appeared on a sunday talk show. he decided to put the onus on republicans saying that the fiscal cliff negotiations are up to them. gop leaders now say the president should stop playing the blame game. full details, coming up. the capital one cash rewards card gives ases, plus a 50% annual bonus. and everyone...but her likes 50% more cash. but i'm upping my game. do you...
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Dec 30, 2012
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. -3 3 3 & 3 3 time is tiiking for the ations leaders as the -3 deadllnn to avoid the fiscal - cliff approaches. p33& with he deadline just days away...president ooama said in his weekly address that reaching a deal will not be easy...bbt - politics can't get in the way. the president even said he's optimistic that congress - will reach a deel in time. but some lawmakers say its the presidents tax hike - phat won't do much to help the nations debt. 3 "the presidents proposaa to raise taxes on the top 2% of &pamericcns won't even pay 1/3 of he aanual interest that is now owed on this massive $16 prillion debt." 3 p the houue will retuun to washington tomorrow evening...just ooe day before a deal needs to be reached. 3 another bill held up in congressionnl gridlock could send milk prices to seeen dollars gallln...the to keeping mmik prices reasonable.. theessnaae passed their version but the houue hasn't started debatt onnthe - measure.... withouu a deel a 60 yearrold law will go back 3 prices to soar... 3&p the frantic 9-1-1 calls have been releesed of the -3 moments before a mother a
. -3 3 3 & 3 3 time is tiiking for the ations leaders as the -3 deadllnn to avoid the fiscal - cliff approaches. p33& with he deadline just days away...president ooama said in his weekly address that reaching a deal will not be easy...bbt - politics can't get in the way. the president even said he's optimistic that congress - will reach a deel in time. but some lawmakers say its the presidents tax hike - phat won't do much to help the nations debt. 3 "the presidents proposaa to...
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Jan 1, 2013
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life opens up when you do. >>> well, we appear to have a deal to avoid the fiscal cliff. a democratic source says a deal was reached just minutes ago. democrats in the senate are meeting right now on capitol hill with vice president joe biden who helped move these takes long. and there is word that there may be a vote in the senate this evening, possibly before midnight. we'll see. we will be back in just a moment with continuing coverage of the fiscal cliff talks. you're watching msnbc, the place for politics. ♪ [ male announcer ] why do more emergency workers everywhere trust duracell...?? duralock power preserve. locks in power for up to 10 years in storage. now...guaranteed. duracell with duralock. trusted everywhere. >>> welcome back. let's go back to nbc's chuck todd. we are talking about the fiscal cliff issue about an apparent deal that has been struck in the senate tonight. chuck, before the break you were talking about the possibility, even likelihood that there will be holdouts on both sides of the aisle who don't like this deal, and perhaps may not even pass
life opens up when you do. >>> well, we appear to have a deal to avoid the fiscal cliff. a democratic source says a deal was reached just minutes ago. democrats in the senate are meeting right now on capitol hill with vice president joe biden who helped move these takes long. and there is word that there may be a vote in the senate this evening, possibly before midnight. we'll see. we will be back in just a moment with continuing coverage of the fiscal cliff talks. you're watching...
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Jan 1, 2013
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. >> we'll be back on the apparent deal to avoid the fiscal cliff. you are watching "msnbc" the place for politicings milissa e . >>> welcome back to "msnbc" coverage of the plan on the fiscal cliff. the nation is scheduled to go off the cliff at midnight, eastern time. the senate bill is being worked on right now. and lawmakers may try to vote on it sometime tonight. the house, meanwhile, is scheduled to remain adjourned until noon tomorrow. house minority leader nancy pelosi released a statement just minutes ago saying in part "when a final agreement is reached and passed by the senate i will present it to the house democratic caucus." vice president joe biden who worked for the past hours with senate minority leader mitch mcconnell, worked to reach the deal. for more, i am joined by the vice president's former chief economist and adviser, jared burnstein. >> well, it is nice to be with you, with what sounds like some progress on the hill. >> are there any surprises for you in all of this, and how it is going down? >> well, i was a bit surprised by
. >> we'll be back on the apparent deal to avoid the fiscal cliff. you are watching "msnbc" the place for politicings milissa e . >>> welcome back to "msnbc" coverage of the plan on the fiscal cliff. the nation is scheduled to go off the cliff at midnight, eastern time. the senate bill is being worked on right now. and lawmakers may try to vote on it sometime tonight. the house, meanwhile, is scheduled to remain adjourned until noon tomorrow. house minority...
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Dec 31, 2012
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. >> this could be the fiscal cliff game at home report. now that there is a plan in motion, can you see some of the things that are in play here. the revenue side of the fiscal cliff $520 billion, spending side, $130 billion. some piece of that is going to go away if indeed they do end up capping the increases of those at $400,000, 450 and above. we don't know how much. perhaps the vast bulk of it could go away. no discussion on wlornt automatic spending cuts for this year would be affected at all. there's the total 650. impact of the total fiscal cliff this year and by way of contrast or comparison, here is the gdp effect. we gained in nominal terms and that's why going over the cliff means negative growth, it means a recession. here is some of the detail of what we ever talking about here. 620 billion. that's the total revenue. depends on which numbers you use. moving on, per capitia effect, it affects different people differently. 26.2 million is the number of americans that will see an increase in taxes subject to amt that alternate ta
. >> this could be the fiscal cliff game at home report. now that there is a plan in motion, can you see some of the things that are in play here. the revenue side of the fiscal cliff $520 billion, spending side, $130 billion. some piece of that is going to go away if indeed they do end up capping the increases of those at $400,000, 450 and above. we don't know how much. perhaps the vast bulk of it could go away. no discussion on wlornt automatic spending cuts for this year would be...
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Dec 29, 2012
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cliff deal. 30,000. here is a headline at ktvn in nevada. unemployment insurance recipients notified benefits may end. nearly 25,000 nevadans were notified this week that their unemployment benefits will end after this week if congress does not vote by tuesday. to continue, though. here's the headline out of michigan. 85,000. 85,000 michiganders losing unemployment benefits. here's the palm beach post, 115,000 floridians being cut at the end of the year. 43,000 in connecticut could lose unemployment benefits. a few minutes ago, you heard jeff merkley of oregon mention, i believe, the 30,000 in oregon. one of the things that has been lost in all the fiscal cliff wrangling over the last couple of months is something really dramatic will happen really soon that will affect a ton of people who cannot, cannot afford it. four days from now, if washington cannot find a way to get its act together, 2 million people will lose their unemployment benefits. all at once. they will go all go away. unemployment insuran
cliff deal. 30,000. here is a headline at ktvn in nevada. unemployment insurance recipients notified benefits may end. nearly 25,000 nevadans were notified this week that their unemployment benefits will end after this week if congress does not vote by tuesday. to continue, though. here's the headline out of michigan. 85,000. 85,000 michiganders losing unemployment benefits. here's the palm beach post, 115,000 floridians being cut at the end of the year. 43,000 in connecticut could lose...
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what happens if we go over the fiscal cliff or get the type of deal the president is looking for? what we're talking about the top individual income-tax rate rising from 35% to 39.6%, the same tax rate we have before 2001. we do not need to be up at the 75% level. i would not advocate the go there but i think that is not really where we are and it is not where we need to be. host: we have a treat, who -- we have a tweet. they write -- host: the payroll tax is to% of income. -- guest: the payroll tax is 2% of income. the benefits of the payroll tax are larger or more important probably for low and middle income working families than they are for higher income families. that is certainly true. you have to remember that the payroll tax was a temporary provision. it actually was enacted at the end of 2010 to replace another temporary provision which was even more targeted toward low and middle income working families. i do not think anybody would dispute that at some point it needs to expire. the question is whether that time is now or whether it to go on a little bit longer. >> his r
what happens if we go over the fiscal cliff or get the type of deal the president is looking for? what we're talking about the top individual income-tax rate rising from 35% to 39.6%, the same tax rate we have before 2001. we do not need to be up at the 75% level. i would not advocate the go there but i think that is not really where we are and it is not where we need to be. host: we have a treat, who -- we have a tweet. they write -- host: the payroll tax is to% of income. -- guest: the...
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deal to get us over the fiscal cliff. does that mean this is the new normal in washington and what does that mean for economic growth? >> the new normal is the economy with an overlay of political polarization and dysfunction. look at the debate? we started with the hope of a grand bargain. then people said, we may not get a grand bargain but we'll get a mini bargain in the sense that we'll get a few things done but we'll have the momentum going into the year. now at best, at best we'll get a stopgap microdeal which doesn't really address anything at all and doesn't establish a momentum. so investors, people looking at the economy, are going to have to worry about how politics is contaminating economics. and that makes the new normal have chaos. so the new normal was sluggish growth. consistently high unemployment. and concerns about debt and deficits. now, we have that as the baseline with we can either tip into a recession or if our poll tilgs get their act together we could come out much bigger. but the fatter tale is
deal to get us over the fiscal cliff. does that mean this is the new normal in washington and what does that mean for economic growth? >> the new normal is the economy with an overlay of political polarization and dysfunction. look at the debate? we started with the hope of a grand bargain. then people said, we may not get a grand bargain but we'll get a mini bargain in the sense that we'll get a few things done but we'll have the momentum going into the year. now at best, at best we'll...
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Jan 1, 2013
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the nasdaq gained 59 another deal not fiscal cliff related. the senate home security committee blasted the state department for failures leading to the deadly september 11th attack on the u.s. mission in benghazi, libya. this comes on the heels of another scathing report by an independent state department accountability review board that we have covered many times. chief intelligence correspondent catherine herridge has the latest senate report sites the white house for president obama inconsistent statements whether the benghazi assault was terrorist attack given intelligence showed within hours that al qaeda affiliate was responsible on september 11th. as evidenced reported sites mr. obama's interview with 60 minutes. it's too early to know exactly how this came about. group involved but obviously it was an attack on mrns the committee's ranking members says the statements are part of a broader troubling pattern. >> the administration repeatedly has rerefused to name the threat that we face. >> senators joe lieberman and susan collins write
the nasdaq gained 59 another deal not fiscal cliff related. the senate home security committee blasted the state department for failures leading to the deadly september 11th attack on the u.s. mission in benghazi, libya. this comes on the heels of another scathing report by an independent state department accountability review board that we have covered many times. chief intelligence correspondent catherine herridge has the latest senate report sites the white house for president obama...
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cliff deal. stocks rallied yesterday. they jumped about 1.7% on the final day of the year. u.s. stocks performed surprisingly well in 2012 despite concerns about the global economy. most of them posted double digit gains for the year. we'll have much more on this fiscal cliff deal throughout the morning and evening on news 4 at 5:00 and 11:00. you can read about it throughout the day at nbcwashington.com. >>> new this morning, police are investigating a stabbing on a metrobus hours into the new year. happened near the intersection of talbert street and martin luther king avenue in southeast. police say two women who were traveling together were attacked. one was stabbed. the other was beaten. witnesses tell police the suspect ran off the bus. the victims suffered serious injuries. no word on the motive or the search for a suspect. also new this morning, police are investigating a seven-car crash in northeast d.c. the chain reaction crash happened along new york avenue near bladensburg road around
cliff deal. stocks rallied yesterday. they jumped about 1.7% on the final day of the year. u.s. stocks performed surprisingly well in 2012 despite concerns about the global economy. most of them posted double digit gains for the year. we'll have much more on this fiscal cliff deal throughout the morning and evening on news 4 at 5:00 and 11:00. you can read about it throughout the day at nbcwashington.com. >>> new this morning, police are investigating a stabbing on a metrobus hours...
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lack of fiscal cliff deal. >> absolutely. and maria, i think it is important to underscore one fact. no matter what the resolution is on the fiscal cliff, it is not going to help the balance sheet of this country. and the balance sheet of the world economy is in such disarray that the only way we solve this is by growth and all of the economies, not by taxing and not going about it the way the government is talking about it. the far and away, the number one place it avoid are long-term interest rates sensitive bonds in the united states. if there was ever an investment more obvious to avoid, i don't know what it is. stay way from government bonds that mature more than five years out and your 401(k) plans, get out of all of your bond funds, equities will rise in 2013. even though the economy is in a terrible position, stocks will rise, bonds will fall in value. stay away from bonds. >> all right, we will watch that. bob, jump in and tell us about the action on the street. down 51 point at close. was that the low, bob? >> no, n
lack of fiscal cliff deal. >> absolutely. and maria, i think it is important to underscore one fact. no matter what the resolution is on the fiscal cliff, it is not going to help the balance sheet of this country. and the balance sheet of the world economy is in such disarray that the only way we solve this is by growth and all of the economies, not by taxing and not going about it the way the government is talking about it. the far and away, the number one place it avoid are long-term...
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what are we looking at on wednesday when wall street opens again, if we have no fiscal cliff deal? >> i talked to independent economist, mark zandi, he said if there is no deal on wednesday, expect a slow bleed in financial markets, maybe 50 to 100 points lost on the dow per day for a couple of weeks, if in mid-january it becomes clear that even going over the cliff hasn't made a deal more likely, expect a huge selloff, perhaps 800 points rivalling what happened when the first t.a.r.p. bill went down in the fall of 2008 during the financial crisis, kate. >> john harwood, thanks so much. and there will be much more on all of this tonight on a live special report on cnbc. it's titled "america's economy held hostage," that's at 8:00 eastern time. >>> overseas, this has been a very deadly weekend in syria, where the civil war has been going on now for 21 months, as fighting raged in a number of cities, activist groups say more than 50 people were killed today and yesterday was far worse, with almost 400 deaths reported. more than 45,000 people have died since the war began. and today,
what are we looking at on wednesday when wall street opens again, if we have no fiscal cliff deal? >> i talked to independent economist, mark zandi, he said if there is no deal on wednesday, expect a slow bleed in financial markets, maybe 50 to 100 points lost on the dow per day for a couple of weeks, if in mid-january it becomes clear that even going over the cliff hasn't made a deal more likely, expect a huge selloff, perhaps 800 points rivalling what happened when the first t.a.r.p....
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Dec 24, 2012
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was no movement toward a fiscal cliff deal more in the action in the house or senate. the responsibility now to avoid massive taxes and draconian spending cuts resting squarely on the president. fox news chief white house correspondent ed henry with our report. >> just as our economy is really starting to recover and starting to see optimisticsigns and we have seen actually some upside to from a whole range of areas, including two from including housing, now is not the time for more self-inflicted wounds , seven not the estimate from washington. lou: president obama's top advisers were quick to dump on the speaker come -- declaring he is backed into a corner. >> they wet from plan b to plan seal later. the fact that they could not even plan -- pass that was an embarrassment. >> in private the president's advisers admit they are bit more apprehensive firmly believing mr. obama has the upper end of the public. if the market takes the hit to the commander-in-chief we will still face his share of heat for washington this function to may point republicans are hammering. >>
was no movement toward a fiscal cliff deal more in the action in the house or senate. the responsibility now to avoid massive taxes and draconian spending cuts resting squarely on the president. fox news chief white house correspondent ed henry with our report. >> just as our economy is really starting to recover and starting to see optimisticsigns and we have seen actually some upside to from a whole range of areas, including two from including housing, now is not the time for more...
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cliff deal. the meeting began about an hour ago in what could be the final face-to-face meeting between the president and lawmakers of both parties before monday's midnight deadline. the house is scheduled to reconvene on sunday evening to do what we don't exactly know. so joining us live from the white house is nbc's kristin welker. kristin, welcome. >> reporter: thanks, karen. good afternoon. >> so what are we hearing about this meeting? i know it's still going on. any news? >> reporter: well, we do know this, a source familiar with these talks says that president obama is not going to be offering anything new during this afternoon's meeting. he's essentially going to be saying what he said at the white house last friday when he called on congress to put forth a package that would extend bush era tax cuts for those making $250,000 or less, extend unemployment insurance benefits, as well as stave off some of those deep spending cuts that are set to go into effect. the president is going to make
cliff deal. the meeting began about an hour ago in what could be the final face-to-face meeting between the president and lawmakers of both parties before monday's midnight deadline. the house is scheduled to reconvene on sunday evening to do what we don't exactly know. so joining us live from the white house is nbc's kristin welker. kristin, welcome. >> reporter: thanks, karen. good afternoon. >> so what are we hearing about this meeting? i know it's still going on. any news?...
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congress needs to reach an agreement to prevent the country from going over the fiscal cliff with the deadline just days away. president obama said in his weekly address that reaching a deal will not be easy. politics can get in the way. >> we just cannot afford a politically self-inflicted wound to our economy. the economy is growing. keeping it that way means that the folks to send to washington have to do their jobs. >> senator mitch mcconnell was seen arriving on capitol hill hours after congressional leaders met with obama. >> we will be working hard to see if we can get there in the next 24 hours. i'm hopeful and optimistic. >> missouri senator ray blunt says that politicians on both sides have irresponsibility, but tax hikes will not do much to address the nation's debt. >> it will not pay one-third of the annual interest now on this massive $16 trillion debt. >> the house returns to washington sunday evening when the before a deal needs to be reached. it is likely that negotiators will be burning the midnight oil. >> a 23-year-old indian woman who was raped and viciously beate
congress needs to reach an agreement to prevent the country from going over the fiscal cliff with the deadline just days away. president obama said in his weekly address that reaching a deal will not be easy. politics can get in the way. >> we just cannot afford a politically self-inflicted wound to our economy. the economy is growing. keeping it that way means that the folks to send to washington have to do their jobs. >> senator mitch mcconnell was seen arriving on capitol hill...
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to consider the deal and avoid fiscal cliff. bring in panel. fred barnes, executive editor of stand stand. kirsten powers and sindcated columnist krauthammer. >> what do you make of this? >> moldestly optimistic. they work out a deal before. they did when the talks over the debt limit fell apart. they can do it again. they can raise the income level for having the taxes raised. president offered $400,000 rather than $250,000. $400,000. people over that pay more last week. got it to $500,000, i personally talked to members of congress conservative republicans who would go along with that. then maybe 400,000 is enough. they will come up with something. if they threw in the amt, not letting it hit 30 million more people. a deal is there to be had. if anybody can put it together, it's reid and mcconnell. they are good at this. >> a deal has been there to had for quite some time. not sure what the republicans with -- what the problem with the republicans is. obama in the end will have won this. it's, if this guess up for a vote. if his package goes
to consider the deal and avoid fiscal cliff. bring in panel. fred barnes, executive editor of stand stand. kirsten powers and sindcated columnist krauthammer. >> what do you make of this? >> moldestly optimistic. they work out a deal before. they did when the talks over the debt limit fell apart. they can do it again. they can raise the income level for having the taxes raised. president offered $400,000 rather than $250,000. $400,000. people over that pay more last week. got it to...
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Dec 28, 2012
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more vulnerable and have some sort of deal that avoids the fiscal cliff? >> well, see, there what you get into is a matter of definition. obama for example is pushing the idea of cuts to the social security program for retirees and the disabled which a lot of people feel they're against their own campaign pledges. he argues that they're not. and that they're minor. it's going to be around definitions should that be on the table in january. >> death to has risen to 15. high winds and heavy snow left thousands without electricity. hundreds of flights have been canceled. the storm could dump as much as 46 inches of snow in some parts of the northeast. >> the president is urging france and the united states to help repel rebels advancing from the north. fighters began their counters last week. but france already has 200 troops in the country. but it's refusing to use them to help the government. >> people there are calling for help. they want france to intervene, demonstrating outside the embassy. but no one can step in. >> generally speaking, ifer there, it's
more vulnerable and have some sort of deal that avoids the fiscal cliff? >> well, see, there what you get into is a matter of definition. obama for example is pushing the idea of cuts to the social security program for retirees and the disabled which a lot of people feel they're against their own campaign pledges. he argues that they're not. and that they're minor. it's going to be around definitions should that be on the table in january. >> death to has risen to 15. high winds and...
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Dec 26, 2012
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the fiscal cliff. 48% of those polled say a deal is not likely. that optimism is waning, though when the poll was done earlier this month, 59% said a deal was likely. >>> former braves great andruw jones is free on a $2,500 bond this morning after being arrested outside of atlanta. he was arrested on a battery charge. the gwinnett county detention center said there was a domestic dispute between he and his life. >>> the number of extremely obese preschoolers has dropped slightly over the last decade, according to the centerses for disease control and prevention. researchers called the decline modest but say it's encouraging. the cdc adds that part of the decrease could be attributed to awareness campaigns that encourage physical activity and healthy eating. >>> before heading back to d.c. to try to avoid heading off the fiscal cliff, president obama and the first lady kept up a christmas tradition. they visited marines at a base in hawaii thanking them for their service. mrs. obama and their daughters, by the way, won't cut short their vacation. t
the fiscal cliff. 48% of those polled say a deal is not likely. that optimism is waning, though when the poll was done earlier this month, 59% said a deal was likely. >>> former braves great andruw jones is free on a $2,500 bond this morning after being arrested outside of atlanta. he was arrested on a battery charge. the gwinnett county detention center said there was a domestic dispute between he and his life. >>> the number of extremely obese preschoolers has dropped...
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cliff to deal with with fiscal cliff. >> reporter: lawmakers are talking about how to retroactively avoid going off the fiscal cliff on a new congress. >>> the fiscal cliff debate is impacting people here in the bay area who's lives could dramatically change as soon as tomorrow. tom vacar is live at a highway work site in oakland and has the story of one woman and her looming fear. tom-- >> reporter: the people who work here are well paid and they're onvacaon. but for other people, the fiscal cliff might as well be a financial guillotine. though ilea thomas searches, she's been out of work for two years picking up any odd jobs as much as she can. >> it's been discouraging. i come in here three times a week and maybe i'll go to a friend's house and use their internet to look for work. >> reporter: long term unemployment benefits have been a life send. >> i can breathe a little while i'm looking for work. even though it's not the same amount that i was getting when i was working. >> but thomas is one of 400, 400,000 californians who will not be able to get medicare payments tomorrow.
cliff to deal with with fiscal cliff. >> reporter: lawmakers are talking about how to retroactively avoid going off the fiscal cliff on a new congress. >>> the fiscal cliff debate is impacting people here in the bay area who's lives could dramatically change as soon as tomorrow. tom vacar is live at a highway work site in oakland and has the story of one woman and her looming fear. tom-- >> reporter: the people who work here are well paid and they're onvacaon. but for other...
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thank you. >> that's right. >> a deal on the fiscal cliff may be at hand, but there's still a lot to do, and not a lot of time to do it. delaware democratic senator chris kuhns. thank you for taking the time. i want to talk about something first that your colleague tom hashi harken said on the senate floor. let's come back and talk about it. >> it looks like all of the taxes will be made permanent, but all of the other things that the middle class and america really depends on. one year or two years at the most, but the tax system is made permanent. well, i just think that's grossly unfair. grossly unfair. as i have said before, no deal is better than a bad deal, and this looks like a very bad deal the way this is shaping up. >> so, senator kuhns, is $400,000 on individuals a bad deal as tom harken described, it or is some deal better than no deal at this point? >> well, first, let's just talk about our broader values and the context we're operating in. given the real financial strains on our federal budget, given divided government where the house is controlled by republicans, the s
thank you. >> that's right. >> a deal on the fiscal cliff may be at hand, but there's still a lot to do, and not a lot of time to do it. delaware democratic senator chris kuhns. thank you for taking the time. i want to talk about something first that your colleague tom hashi harken said on the senate floor. let's come back and talk about it. >> it looks like all of the taxes will be made permanent, but all of the other things that the middle class and america really depends...
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to deal with this fiscal cliff. >> just let the people's housework its will. instead of handing over the keys to the most extreme elements in the house republican caucus. >> a lot of people donnell realize he is blocking a vote in the house. >> i think in the end we'll get a deal. the question is the timing. >> i am hopeful there will be a deal that avoids the worst parts of the fiscal cliff. >> i want to bring you in and say good morning to sander levin. sir, it's good to have you with me. what is your expectations or thoughts about hear that the president and vice president joe biden are calling the four congressional leaders behind closed closed doors today. >> i am hopeful. i wouldn't say i'm optimistic, but i think confidence has gone down. i think the key is whether the speaker will be the speaker of the entire house and let the matters come before us where there could be a majority of democrats and perhaps a majority of republicans, but let es speak our will and act on our will. that's really one of the keys. i think if the senate bill or what was in it
to deal with this fiscal cliff. >> just let the people's housework its will. instead of handing over the keys to the most extreme elements in the house republican caucus. >> a lot of people donnell realize he is blocking a vote in the house. >> i think in the end we'll get a deal. the question is the timing. >> i am hopeful there will be a deal that avoids the worst parts of the fiscal cliff. >> i want to bring you in and say good morning to sander levin. sir, it's...
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cliff to deal with this fiscal cliff. >> reporter: with expectations for a deal low, lawmakers are now talking about how to retroactively fix any damage done by going over the cliff in the new congress. in washington nicole collins, fox news. >>> we are, of course, going to have much more on the fiscal cliff negotiations coming up at 10:30. a republican and democratic strategist will face off here and talk about the prospects for reaching a deal. >>> a strike that could have shut down ports all over the east coast have been averted for now. the longshoremen union along the east coast and the gulf of mexico says it will extend its contract for the next 30 days. that extension prevented a possible strike which could have crippled operations at ports that handle nearly half of all cargo in the united states including in our area at the port of baltimore. >>> we have breaking news tonight out of prince george's county where we are following a deadly fire in a townhome in green belt. you're looking live at the scene on laurel hill road. the flames broke out an hour ago. fire investigators s
cliff to deal with this fiscal cliff. >> reporter: with expectations for a deal low, lawmakers are now talking about how to retroactively fix any damage done by going over the cliff in the new congress. in washington nicole collins, fox news. >>> we are, of course, going to have much more on the fiscal cliff negotiations coming up at 10:30. a republican and democratic strategist will face off here and talk about the prospects for reaching a deal. >>> a strike that could...
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we're waiting for the house of representatives to vote on a fiscal cliff deal that the senate passed early this morning. they have been in a conference meeting a little less than an hour. speaker boehner, majority leader eric cantor walking into that meeting. still waiting to hear how it is going. even before the meeting was called, cantor and other top republicans were saying they won't support the bill. the fate here is really uncertain. rich edson is live on capitol hill keeping track of this for us. rich, is there any word what specifically they're discussing in this meeting and whether or not they're making any progress? >> well, diane, the point here is whether or not to amend this bill, to change this bill or bring this bill, the proposal that passed the senate last evening up to the house floor to a vote. this is a decision that house republicans will have to make fairly soon here. they're getting pressure from a number of different folks, especially democrats who say, basically pressure them to hold a vote on it. >> we don't believe that compromise is a dirty word and unfort
we're waiting for the house of representatives to vote on a fiscal cliff deal that the senate passed early this morning. they have been in a conference meeting a little less than an hour. speaker boehner, majority leader eric cantor walking into that meeting. still waiting to hear how it is going. even before the meeting was called, cantor and other top republicans were saying they won't support the bill. the fate here is really uncertain. rich edson is live on capitol hill keeping track of...
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jeff: he thinks you and i are crazy for making too much of a deal out of the fiscal cliff. this ceo says the fiscal cliff has a bunch of outside noise. we will have his story of the fiscal cliff when we come back. ♪ ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves.. futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim. from td ameritrade. >> im adam schapiro with your fox business brief. general dynamics have been asked to build u.s. submarines for the u.s. navy. it is worth $400 billion. the money has already been securee. barge companies fear falling water levels on the mississippi river could halt commerce as early as next week. the coast guard says it is confident that the waterway will remain open. a new report says champagne sales in france are down nearly 5% from last year. despite the weak sales, france still consumed the most to give more than 170 million bottles in the last year alon
jeff: he thinks you and i are crazy for making too much of a deal out of the fiscal cliff. this ceo says the fiscal cliff has a bunch of outside noise. we will have his story of the fiscal cliff when we come back. ♪ ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves.. futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on...
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on the fiscal cliff. that's not all, holiday spending also hit its lowest rate since the 2008 recession, which retailers are blaming on the uncertainty in washington. so where do we go from here? well, since the house failed to get a vote on the tax package last week, all eyes are on the senate. a temporary deal that would basically extend all the tax cuts for those making under a quarter million. the deal would also rescue long-term unemployment benefits and instead of addressing those automatic spending cuts we've all heard about that are set for january 1st, this temporary deal would delay them for another six months. few are optimistic this new plan, if we do go over the clifr, would work out. so what would half if we go over the cliff? the payroll tax holiday will expire on new year's day. that means most people will start paying more taxes in each paycheck. another 21 million americans would lose federal emergency unemployment benefits and those, let's remember, are people struggling the most right
on the fiscal cliff. that's not all, holiday spending also hit its lowest rate since the 2008 recession, which retailers are blaming on the uncertainty in washington. so where do we go from here? well, since the house failed to get a vote on the tax package last week, all eyes are on the senate. a temporary deal that would basically extend all the tax cuts for those making under a quarter million. the deal would also rescue long-term unemployment benefits and instead of addressing those...